Ford Motor (NYSE:F) Trading 1.2% Higher – What’s Next?

Ford Motor (NYSE:F)’s stock price shot up 1.2% during trading on Friday . The company traded as high as $10.17 and last traded at $10.14. 15,234,083 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 58,462,984 shares. The stock had previously closed at $10.01.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on F shares. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, November 7th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, 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. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Up 1.1 %

The firm has a market capitalization of $40.24 billion, a PE ratio of 11.51, a P/E/G ratio of 1.86 and a beta of 1.64. The company has a 50-day moving average price of $10.42 and a 200 day moving average price of $10.96. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period in the prior year, the firm posted $0.39 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Ford Motor will post 1.77 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.93%. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC increased its stake in shares of Ford Motor by 8.0% during the second quarter. Thoroughbred Financial Services LLC now owns 16,130 shares of the auto manufacturer’s stock valued at $202,000 after buying an additional 1,192 shares during the period. Citizens Financial Group Inc. RI bought a new stake in Ford Motor during the 2nd quarter valued at $156,000. Renaissance Technologies LLC increased its holdings in shares of Ford Motor by 8.5% in the 2nd quarter. Renaissance Technologies LLC now owns 3,565,409 shares of the auto manufacturer’s stock valued at $44,710,000 after acquiring an additional 278,700 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Ford Motor by 18.4% during the 2nd quarter. Moors & Cabot Inc. now owns 93,864 shares of the auto manufacturer’s stock worth $1,177,000 after purchasing an additional 14,561 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Ford Motor by 11.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 731,930 shares of the auto manufacturer’s stock worth $9,178,000 after purchasing an additional 76,606 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.