Ford Motor (NYSE:F) Trading 2.6% Higher – Here’s Why

Ford Motor (NYSE:F)’s share price traded up 2.6% during trading on Monday . The company traded as high as $9.95 and last traded at $9.98. 43,164,710 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 64,760,763 shares. The stock had previously closed at $9.72.

Analysts Set New Price Targets

F has been the topic of several recent research reports. Wells Fargo & Company cut their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Piper Sandler reduced their price target on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Bank of America reduced their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.37.

Ford Motor Stock Down 1.1 %

The firm has a market capitalization of $39.30 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The stock has a fifty day moving average of $9.74 and a 200 day moving average of $10.27.

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

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently modified their holdings of F. Franklin Resources Inc. lifted its holdings in Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after purchasing an additional 336,720 shares during the last quarter. NCP Inc. lifted its stake in shares of Ford Motor by 62.0% during the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after buying an additional 28,528 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after buying an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC purchased a new position in Ford Motor in the 3rd quarter valued at approximately $55,456,000. Finally, Alberta Investment Management Corp raised its holdings in Ford Motor by 87.1% during the 4th 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.

Ford Motor 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.