Ford Motor (NYSE:F) Price Target Cut to $14.00 by Analysts at The Goldman Sachs Group

Ford Motor (NYSE:F) had its target price lowered by The Goldman Sachs Group from $16.00 to $14.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the auto manufacturer’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Monday, September 21st. JPMorgan Chase & Co. lifted their target price on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. BNP Paribas Exane upped their price target on shares of Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, TD Cowen raised their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average target price of $15.55.

Ford Motor Stock Performance

NYSE:F opened at $12.28 on Tuesday. The company has a market capitalization of $48.95 billion, a price-to-earnings ratio of -6.56, a PEG ratio of 0.25 and a beta of 1.93. The business has a 50 day moving average of $13.69 and a 200 day moving average of $13.54. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. Ford Motor has a 1-year low of $11.11 and a 1-year high of $17.78.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $48.30 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business earned $0.37 earnings per share. On average, sell-side analysts predict that Ford Motor will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s dividend payout ratio is currently -32.09%.

Institutional Investors Weigh In On Ford Motor

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Ford Motor during the second quarter valued at about $4,649,131,000. State Street Corp boosted its holdings in shares of Ford Motor by 0.8% during the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock worth $2,697,153,000 after purchasing an additional 1,492,186 shares during the period. Bank of America Corp DE grew its stake in shares of Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after purchasing an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Ford Motor in the second quarter worth about $717,218,000. Finally, Dimensional Fund Advisors LP increased its holdings in Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after purchasing an additional 1,585,557 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.