Ford Motor (NYSE:F) Stock Price Up 1.3% – Here’s Why

Shares of Ford Motor (NYSE:F) were up 1.3% during trading on Friday . The stock traded as high as $10.59 and last traded at $10.58. Approximately 12,320,481 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 53,734,953 shares. The stock had previously closed at $10.44.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. 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. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday. Finally, Barclays dropped their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average price target of $12.08.

Ford Motor Trading Up 0.7 %

The stock’s fifty day simple moving average is $10.86 and its 200-day simple moving average is $11.37. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The firm has a market cap of $41.77 billion, a PE ratio of 11.94, a PEG ratio of 1.96 and a beta of 1.62.

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

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were issued a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.71%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently bought and sold shares of F. Family Firm Inc. acquired a new stake in shares of Ford Motor in the second quarter worth $26,000. Quarry LP purchased a new stake in Ford Motor in the second quarter valued at $27,000. Ridgewood Investments LLC acquired a new stake in Ford Motor during the 2nd quarter worth about $28,000. Kimelman & Baird LLC purchased a new position in shares of Ford Motor during the 2nd quarter valued at about $30,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Ford Motor in the 3rd quarter valued at about $33,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.