Ford Motor (NYSE:F) Trading Up 2.6% – Here’s What Happened

Ford Motor (NYSE:F)’s share price traded up 2.6% during trading on Monday . The stock 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.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on F shares. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Piper Sandler lowered their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. BNP Paribas upgraded Ford Motor to a “hold” rating in a research report on Monday, February 10th. Wells Fargo & Company cut their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. Finally, Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.37.

Ford Motor Trading Up 2.9 %

The firm has a 50-day simple moving average of $9.75 and a 200-day simple moving average of $10.28. The stock has a market cap of $39.65 billion, a PE ratio of 6.86, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) 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%. Equities analysts forecast that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.00%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio is 41.10%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently bought and sold shares of F. Mascagni Wealth Management Inc. purchased a new stake in shares of Ford Motor in the 4th quarter valued at $87,000. Chancellor Financial Group WB LP bought a new stake in shares of Ford Motor in the 4th quarter valued at about $182,000. Tableaux LLC purchased a new stake in Ford Motor during the 4th quarter valued at about $148,000. Northstar Financial Companies Inc. bought a new position in shares of Ford Motor in the fourth quarter worth approximately $154,000. Finally, Wood Tarver Financial Group LLC purchased a new position in shares of Ford Motor in the fourth quarter valued at about $31,000. 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.