Ford Motor (NYSE:F) Research Coverage Started at TD Cowen

TD Cowen initiated coverage on shares of Ford Motor (NYSE:F) in a research report released on Friday morning, MarketBeat.com reports. The firm issued a hold rating and a $10.00 price objective on the auto manufacturer’s stock.

Several other equities research analysts have also recently commented on the stock. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Evercore ISI cut their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. cut their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Bank of America cut their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Royal Bank of Canada cut their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average price target of $11.77.

Ford Motor Price Performance

Shares of NYSE F opened at $9.91 on Friday. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85. The firm’s 50-day simple moving average is $9.72 and its 200 day simple moving average is $10.38. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock has a market cap of $39.26 billion, a P/E ratio of 6.78, a P/E/G ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Equities analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.06%. Ford Motor’s payout ratio is 41.10%.

Institutional Investors Weigh In On Ford Motor

Several large investors have recently made changes to their positions in F. Franklin Resources Inc. lifted its holdings in Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares during the last quarter. NCP Inc. boosted its position in shares of Ford Motor by 62.0% in the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after acquiring an additional 28,528 shares during the period. Principal Financial Group Inc. boosted its position in shares of Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after acquiring an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor in the third quarter valued at approximately $55,456,000. Finally, Alberta Investment Management Corp boosted its position in shares of Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after acquiring an additional 91,300 shares during the period. 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.