Deutsche Bank Aktiengesellschaft Lowers Ford Motor (NYSE:F) Price Target to $10.00

Ford Motor (NYSE:F) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $11.00 to $10.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the auto manufacturer’s stock.

A number of other research firms also recently weighed in on F. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wolfe Research assumed coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.41.

Ford Motor Price Performance

NYSE:F opened at $10.22 on Wednesday. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The stock has a fifty day moving average of $10.80 and a 200 day moving average of $11.62. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.15. The firm has a market capitalization of $40.61 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.90 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. On average, research analysts expect that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio is 68.18%.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently bought and sold shares of the company. Miracle Mile Advisors LLC purchased a new stake in shares of Ford Motor during the first quarter valued at $139,000. Claro Advisors LLC raised its position in Ford Motor by 12.5% in the 1st quarter. Claro Advisors LLC now owns 14,686 shares of the auto manufacturer’s stock worth $195,000 after purchasing an additional 1,626 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Ford Motor by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock worth $124,511,000 after purchasing an additional 51,035 shares during the last quarter. Norden Group LLC purchased a new position in shares of Ford Motor during the first quarter valued at approximately $3,593,000. Finally, First Trust Direct Indexing L.P. grew its stake in shares of Ford Motor by 27.3% during the first quarter. First Trust Direct Indexing L.P. now owns 89,915 shares of the auto manufacturer’s stock valued at $1,194,000 after buying an additional 19,256 shares during the last quarter. 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.