Nomura Cuts Ford Motor (F) Price Target to $8.10

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Ford Motor (NYSE:F) had its price target cut by Nomura from $9.00 to $8.10 in a research note released on Tuesday morning. They currently have a neutral rating on the auto manufacturer’s stock.

Other equities analysts also recently issued research reports about the stock. Citigroup reduced their price target on shares of Ford Motor from $10.50 to $9.90 and set a neutral rating for the company in a report on Monday, September 10th. Zacks Investment Research raised shares of Ford Motor from a strong sell rating to a hold rating in a report on Tuesday. Guggenheim reissued a hold rating and set a $11.50 price target on shares of Ford Motor in a report on Friday, July 27th. Buckingham Research reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a neutral rating for the company in a report on Thursday, July 26th. Finally, Royal Bank of Canada reissued a hold rating and set a $11.50 price target on shares of Ford Motor in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $11.58.

Shares of F traded up $0.06 during midday trading on Tuesday, hitting $9.52. 1,607,324 shares of the stock traded hands, compared to its average volume of 54,078,280. Ford Motor has a 1-year low of $8.17 and a 1-year high of $13.48. The company has a market cap of $35.68 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 1.30 and a beta of 0.86. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The company had revenue of $34.66 billion during the quarter, compared to the consensus estimate of $32.05 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. Analysts predict that Ford Motor will post 1.35 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend is Monday, October 22nd. Ford Motor’s payout ratio is currently 33.71%.

In other Ford Motor news, Director Ray T. Charley purchased 4,000 shares of the business’s stock in a transaction on Monday, October 29th. The stock was bought at an average cost of $12.90 per share, with a total value of $51,600.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Steven R. Armstrong sold 13,000 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $9.54, for a total transaction of $124,020.00. Following the completion of the sale, the vice president now directly owns 94,527 shares of the company’s stock, valued at $901,787.58. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brown Advisory Inc. raised its holdings in Ford Motor by 45.3% during the 1st quarter. Brown Advisory Inc. now owns 115,213 shares of the auto manufacturer’s stock worth $1,276,000 after buying an additional 35,932 shares during the period. Gulf International Bank UK Ltd raised its holdings in Ford Motor by 3.1% during the 2nd quarter. Gulf International Bank UK Ltd now owns 1,203,877 shares of the auto manufacturer’s stock worth $13,326,000 after buying an additional 36,440 shares during the period. DnB Asset Management AS raised its holdings in Ford Motor by 8.8% during the 2nd quarter. DnB Asset Management AS now owns 464,292 shares of the auto manufacturer’s stock worth $5,140,000 after buying an additional 37,500 shares during the period. Clinton Group Inc. acquired a new stake in Ford Motor during the 2nd quarter worth about $2,440,000. Finally, IFM Investors Pty Ltd raised its holdings in Ford Motor by 42.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 165,913 shares of the auto manufacturer’s stock worth $1,837,000 after buying an additional 49,307 shares during the period. 54.09% of the stock is owned by institutional investors.

Ford Motor Company Profile

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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Analyst Recommendations for Ford Motor (NYSE:F)

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