Royal Bank of Canada Increases Ford Motor (NYSE:F) Price Target to $13.00

Ford Motor (NYSE:F) had its target price increased by equities research analysts at Royal Bank of Canada from $12.00 to $13.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the auto manufacturer’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 1.72% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on F. Morgan Stanley boosted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Barclays upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Piper Sandler started coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. Citigroup increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, UBS Group increased their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $14.02.

Ford Motor Stock Down 1.3 %

NYSE F traded down $0.17 during mid-day trading on Thursday, reaching $12.78. The stock had a trading volume of 29,132,331 shares, compared to its average volume of 53,545,016. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The stock has a market cap of $50.78 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63. The company has a fifty day moving average price of $12.60 and a 200 day moving average price of $11.78. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The firm had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same quarter in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts expect that Ford Motor will post 1.9 earnings per share for the current year.

Insider Activity

In other news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

Several institutional investors have recently bought and sold shares of F. L.M. Kohn & Company raised its holdings in shares of Ford Motor by 9.1% in the first quarter. L.M. Kohn & Company now owns 23,950 shares of the auto manufacturer’s stock worth $318,000 after buying an additional 1,992 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Ford Motor by 3.8% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 733,060 shares of the auto manufacturer’s stock worth $9,735,000 after purchasing an additional 26,600 shares during the last quarter. Eudaimonia Advisors LLC purchased a new position in Ford Motor in the first quarter valued at $200,000. Summit Financial LLC increased its holdings in Ford Motor by 16.9% in the first quarter. Summit Financial LLC now owns 32,200 shares of the auto manufacturer’s stock valued at $428,000 after buying an additional 4,664 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Ford Motor by 100.0% in the first quarter. V Square Quantitative Management LLC now owns 31,531 shares of the auto manufacturer’s stock valued at $419,000 after buying an additional 15,769 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.