The stock of Ford Motor Company (NYSE:F) last traded at $12.20, up 0.49% from the previous session.
Data from the available sources indicates that Ford Motor Company (NYSE:F) is covered by 23 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $11.00, we find $14.00. Given the previous closing price of $12.14, this indicates a potential upside of 15.32 percent. F stock price is now -12.23% away from the 50-day moving average and -3.77% away from the 200-day moving average. The market capitalization of the company currently stands at $48.91B.
In total, 11 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $14.67 as their price target over the next twelve months.
With the price target reduced from $17 to $15, Jefferies Downgraded its rating from Buy to Hold for Ford Motor Company (NYSE: F).
In other news, FARLEY JR JAMES D, President and CEO sold 79,921 shares of the company’s stock on Mar 03. The stock was sold for $1,027,840 at an average price of $12.86. Upon completion of the transaction, the President and CEO now directly owns 1,638,667 shares in the company, valued at $19.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03, Vice President, CFO Lawler John T. sold 29,821 shares of the business’s stock. A total of $389,623 was realized by selling the stock at an average price of $13.07. This leaves the insider owning 443,683 shares of the company worth $5.41 million. Insiders disposed of 4,008,118 shares of company stock worth roughly $48.9 million over the past 1 year. A total of 0.19% 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 HOLOCENE ADVISORS, LP during the first quarter worth $43,273,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND invested $12,479,000 in shares of F during the first quarter. In the first quarter, NEMES RUSH GROUP LLC acquired a new stake in Ford Motor Company valued at approximately $11,242,000. AUSTRALIANSUPER PTY LTD acquired a new stake in F for approximately $8,194,000. TWO SIGMA SECURITIES, LLC purchased a new stake in F valued at around $6,813,000 in the second quarter. In total, there are 2,045 active investors with 52.90% ownership of the company’s stock.
With an opening price of $12.03 on Monday morning, Ford Motor Company (NYSE: F) set off the trading day. During the past 12 months, Ford Motor Company has had a low of $10.37 and a high of $15.88. As of last week, the company has a debt-to-equity ratio of 3.28, a current ratio of 1.20, and a quick ratio of 1.00. The fifty day moving average price for F is $13.90 and a two-hundred day moving average price translates $12.91 for the stock.
The latest earnings results from Ford Motor Company (NYSE: F) was released for Jun, 2023. According to the Auto Manufacturers Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.55 by 0.17. This compares to $0.16 EPS in the same period last year. The net profit margin was 2.40% and return on equity was 9.70% for F. The company reported revenue of $44.95 billion for the quarter, compared to $40.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.85 percent. For the current quarter, analysts expect F to generate $40.25B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 07/25/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 4.92% percent yield. There was an ex-dividend date of 07/24/2023 for this dividend. In terms of dividend payout ratio, F is presently at 57.90%.
Ford Motor Company(F) Company Profile
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. It also engages in vehicle-related financing and leasing activities to and through automotive dealers. In addition, the company 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. Further, it 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 was incorporated in 1903 and is based in Dearborn, Michigan.
