JPMorgan Chase & Co. Cuts Ford Motor (NYSE:F) Price Target to $11.00

Ford Motor (NYSE:F) had its target price reduced by JPMorgan Chase & Co. from $13.00 to $11.00 in a report issued on Thursday morning, Marketbeat.com reports. They currently have an overweight rating on the auto manufacturer’s stock.

F has been the topic of a number of other reports. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Piper Sandler cut their price objective on Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Evercore ISI lowered their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Finally, Wells Fargo & Company reduced their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average price target of $11.37.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $9.73 on Thursday. The firm has a market cap of $38.54 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The firm’s 50-day simple moving average is $9.75 and its 200-day simple moving average is $10.28. Ford Motor has a twelve month low of $9.06 and a twelve month 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 released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of F. Hager Investment Management Services LLC bought a new stake in Ford Motor in the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new stake in Ford Motor in the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor during the 4th quarter valued at $30,000. Kentucky Trust Co acquired a new position in shares of Ford Motor in the fourth quarter valued at $31,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Ford Motor in the fourth quarter valued at about $31,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Company Profile

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.