Ford Motor (NYSE:F) Stock Price Up 0.9% – Here’s Why

Ford Motor (NYSE:F) shares shot up 0.9% during mid-day trading on Tuesday . The stock traded as high as $9.99 and last traded at $9.99. 7,047,056 shares changed hands during trading, a decline of 87% from the average session volume of 54,231,758 shares. The stock had previously closed at $9.90.

Analysts Set New Price Targets

Several analysts have recently issued reports on F shares. Barclays decreased their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Up 1.2 %

The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The firm has a market capitalization of $39.82 billion, a P/E ratio of 11.39, a PEG ratio of 1.90 and a beta of 1.62. The business’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $11.22.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. Equities analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were given a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.99%. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Trading of Ford Motor

A number of hedge funds have recently modified their holdings of the stock. Raymond James Trust N.A. raised its position in shares of Ford Motor by 2.1% in the second quarter. Raymond James Trust N.A. now owns 48,901 shares of the auto manufacturer’s stock worth $613,000 after acquiring an additional 1,013 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Ford Motor by 4.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,123,024 shares of the auto manufacturer’s stock worth $14,083,000 after purchasing an additional 47,816 shares during the period. Atomi Financial Group Inc. boosted its position in Ford Motor by 12.7% during the second quarter. Atomi Financial Group Inc. now owns 37,306 shares of the auto manufacturer’s stock worth $468,000 after purchasing an additional 4,190 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Ford Motor by 2.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 40,857 shares of the auto manufacturer’s stock valued at $512,000 after purchasing an additional 1,054 shares during the period. Finally, 1834 Investment Advisors Co. purchased a new stake in shares of Ford Motor in the second quarter valued at approximately $1,833,000. Hedge funds and other 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.