The price of Ford Motor Company (NYSE:F) shares last traded on Wall Street fell -2.80% to $13.90.
Based on available information, 22 analysts follow Ford Motor Company (NYSE:F). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $10.00, we find $13.00. Given the previous closing price of $14.30, this indicates a potential downside of -9.09 percent. F stock price is now 6.39% away from the 50-day moving average and -3.50% away from the 200-day moving average. The market capitalization of the company currently stands at $54.65B.
Among analysts, 10 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $14.63 as their price target over the next twelve months.
With the price target reduced from $13 to $10, UBS Downgraded its rating from Neutral to Sell for Ford Motor Company (NYSE: F)., while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, Galhotra Ashwani Kumar, President, Ford Blue sold 25,892 shares of the company’s stock on May 24. The stock was sold for $321,340 at an average price of $12.41. Upon completion of the transaction, the President, Ford Blue now directly owns 511,605 shares in the company, valued at $7.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13, 10% Owner FORD MOTOR CO sold 7,000,000 shares of the business’s stock. A total of $188,165,600 was realized by selling the stock at an average price of $26.88. This leaves the insider owning 86,947,494 shares of the company worth $1.21 billion. Insiders disposed of 4,789,039 shares of company stock worth roughly $66.57 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in F stock. A new stake in Ford Motor Company shares was purchased by CTC LLC during the first quarter worth $14,283,000. AMALGAMATED FINANCIAL CORP. invested $13,704,000 in shares of F during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Ford Motor Company valued at approximately $13,664,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC acquired a new stake in F for approximately $10,924,000. SANDERS MORRIS HARRIS LLC purchased a new stake in F valued at around $9,694,000 in the second quarter.
During the past 12 months, Ford Motor Company has had a low of $10.61 and a high of $25.87. As of last week, the company has a debt-to-equity ratio of 3.05, a current ratio of 1.20, and a quick ratio of 1.00.
The net profit margin was 5.90% and return on equity was 20.00% for F. The company reported revenue of $39.39 billion for the quarter, compared to $35.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.39 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/01/2022. Investors who held shares on 11/15/2022 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 4.32% percent yield. There was an ex-dividend date of 11/14/2022 for this dividend. In terms of dividend payout ratio, F is presently at 19.90%.
Ford Motor Company(F) Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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. The Mobility segment designs and builds mobility services; and provides self-driving systems development services. The Ford Credit segment primarily engages in vehicle-related financing and leasing activities to and through automotive dealers. It provides retail installment sale contracts for new and used vehicles; and direct financing leases for new vehicles to retail and commercial customers, such as leasing companies, government entities, daily rental companies, and fleet customers. This segment also offers wholesale loans to dealers to finance the purchase of vehicle inventory; and loans to dealers to finance working capital and enhance dealership facilities, purchase dealership real estate, and other dealer vehicle programs. The company has a strategic collaboration with ARB Corporation Limited to develop a suite of aftermarket products for the new Ford Bronco. Ford Motor Company was incorporated in 1903 and is based in Dearborn, Michigan.