Ford Motor (NYSE:F) Price Target Lowered to $9.00 at Piper Sandler

Ford Motor (NYSE:F) had its target price decreased by Piper Sandler from $13.00 to $9.00 in a research report released on Thursday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the auto manufacturer’s stock.

A number of other equities analysts have also recently weighed in on the stock. TD Cowen initiated coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. Evercore ISI cut their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Wells Fargo & Company cut their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.50.

Ford Motor Stock Down 1.4 %

NYSE:F opened at $10.03 on Thursday. The stock’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $10.31. The company has a market cap of $39.73 billion, a price-to-earnings ratio of 6.87, a P/E/G ratio of 0.61 and a beta of 1.59. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 5.99%. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Albion Financial Group UT boosted its position in Ford Motor by 38.5% during the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock valued at $36,000 after acquiring an additional 1,000 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Ford Motor by 5.4% during the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock valued at $195,000 after purchasing an additional 1,001 shares in the last quarter. Angeles Wealth Management LLC grew its stake in Ford Motor by 1.3% during the fourth quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock worth $799,000 after purchasing an additional 1,024 shares during the period. Atlas Brown Inc. increased its holdings in Ford Motor by 1.7% in the fourth quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock worth $627,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Cornerstone Wealth Group LLC lifted its stake in Ford Motor by 10.6% in the fourth quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock valued at $113,000 after buying an additional 1,098 shares during the period. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.