Ford Motor (NYSE:F) Shares Up 0.2% – Here’s Why

Ford Motor (NYSE:F) traded up 0.2% on Friday . The stock traded as high as $10.20 and last traded at $10.09. 14,377,575 shares changed hands during trading, a decline of 73% from the average session volume of 54,080,617 shares. The stock had previously closed at $10.07.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on F. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Barclays reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.83.

Ford Motor Price Performance

The stock has a market cap of $39.82 billion, a PE ratio of 11.39, a P/E/G ratio of 1.90 and a beta of 1.62. 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 business has a 50 day moving average price of $10.70 and a two-hundred day moving average price of $11.19.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Research analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were issued a dividend of $0.15 per share. 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 (DPR) is presently 68.18%.

Institutional Investors Weigh In On Ford Motor

Several large investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in Ford Motor during the second quarter valued at about $27,000. Kimelman & Baird LLC bought a new stake in shares of Ford Motor in the second quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new stake in shares of Ford Motor during the 3rd quarter valued at approximately $33,000. Access Investment Management LLC bought a new position in Ford Motor in the 3rd quarter worth approximately $34,000. Finally, Truvestments Capital LLC purchased a new position in Ford Motor in the 3rd quarter valued at approximately $37,000. Hedge funds and other 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.