Ford Motor Company (NYSE:F) has garnered a consensus rating of “Hold” from seventeen brokerages currently covering the firm, according to a report from MarketBeat.com. Among these analysts, two have issued sell ratings, twelve have given hold ratings, and three have recommended a buy. The average price target for Ford’s shares over the next twelve months stands at approximately $12.04.
Several analysts recently updated their evaluations of the stock. Notably, on November 24, Evercore ISI raised its price objective for Ford from $10.00 to $12.00, assigning an “in-line” rating. Weiss Ratings reaffirmed a “buy (b-)” rating on December 15. Additionally, Piper Sandler increased its price target from $9.50 to $11.00 and maintained a “neutral” rating on October 24. Citigroup revised its price objective upward from $11.00 to $13.50 with a “neutral” rating on October 27, and JPMorgan Chase & Co. raised its target from $13.00 to $14.00, providing an “overweight” rating on October 20.
Ford Motor’s Stock Performance and Financials
On November 1, shares of Ford opened at $13.47. The company’s fifty-day simple moving average is $12.97, while the two-hundred-day moving average is $11.93. Ford holds a current ratio of 1.12, a quick ratio of 0.98, and a debt-to-equity ratio of 2.20. Over the past year, Ford’s stock has fluctuated, with a low of $8.44 and a high reaching $13.99. Presently, Ford’s market capitalization is approximately $53.65 billion, with a price-to-earnings ratio of 11.61 and a beta of 1.60.
Ford recently reported its quarterly earnings on October 23. The automaker announced earnings per share (EPS) of $0.45, surpassing analysts’ expectations of $0.38 by $0.07. The firm generated $50.53 billion in revenue during the quarter, exceeding the consensus estimate of $43.08 billion. Ford achieved a return on equity of 11.94% alongside a net margin of 2.48%. This quarter’s revenue marks a year-over-year increase of 9.4%, compared to $0.49 EPS in the same period last year. Analysts predict that Ford will report an EPS of 1.47 for the current fiscal year.
Dividend Announcement and Company Overview
In addition to its financial results, Ford has recently declared a quarterly dividend, which was paid on December 1. Shareholders of record on November 7 received a dividend of $0.15. The ex-dividend date was also November 7, resulting in an annualized dividend of $0.60 and a yield of 4.5%. The dividend payout ratio currently stands at 51.72%.
Founded in 1903 by Henry Ford, Ford Motor Company is headquartered in Dearborn, Michigan, and has established itself as a leading global automaker. The company has a rich history of innovation, including the introduction of mass-production techniques with the iconic Model T. Today, Ford designs, manufactures, markets, and services a diverse range of vehicles under the Ford and Lincoln brands, covering passenger cars, SUVs, pickup trucks, and commercial vehicles. Beyond production, Ford’s operations include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.
