Goldman Sachs Group upgraded shares of Ford Motor (NYSE:F) from a neutral rating to a buy rating in a report released on Monday, MarketBeat Ratings reports. Goldman Sachs Group currently has $12.00 price objective on the auto manufacturer’s stock, up from their prior price objective of $9.00.
F has been the topic of several other reports. Jefferies Financial Group reaffirmed a buy rating and issued a $13.00 price target on shares of Ford Motor in a research report on Friday, October 5th. Zacks Investment Research downgraded Ford Motor from a hold rating to a sell rating in a research report on Monday, October 8th. Morgan Stanley downgraded Ford Motor from an overweight rating to a sell rating in a research report on Friday, August 31st. TheStreet downgraded Ford Motor from a b- rating to a c+ rating in a research report on Monday, August 13th. Finally, Piper Jaffray Companies reaffirmed a hold rating on shares of Ford Motor in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Ford Motor has a consensus rating of Hold and an average price target of $11.63.
Shares of F stock opened at $9.37 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80. Ford Motor has a twelve month low of $8.17 and a twelve month high of $13.48. The company has a market capitalization of $35.68 billion, a P/E ratio of 5.26, a P/E/G ratio of 1.26 and a beta of 0.86.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, October 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend is Monday, October 22nd. Ford Motor’s dividend payout ratio is presently 33.71%.
In related news, Director John C. Lechleiter purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were acquired at an average price of $9.89 per share, with a total value of $98,900.00. Following the purchase, the director now directly owns 45,000 shares in the company, valued at $445,050. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $9.54, for a total value of $124,020.00. Following the completion of the sale, the vice president now directly owns 94,527 shares in the company, valued at approximately $901,787.58. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Kiley Juergens Wealth Management LLC acquired a new stake in Ford Motor in the 2nd quarter valued at $101,000. Credit Agricole S A boosted its stake in Ford Motor by 135.0% in the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock valued at $104,000 after buying an additional 5,400 shares in the last quarter. Kaizen Advisory LLC boosted its stake in Ford Motor by 155.5% in the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock valued at $108,000 after buying an additional 5,931 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Ford Motor in the 2nd quarter valued at $113,000. Finally, TRUE Private Wealth Advisors acquired a new stake in Ford Motor in the 2nd quarter valued at $112,000. 54.09% of the stock is currently owned by institutional investors and hedge funds.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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