Ford Motor (NYSE:F) Stock Price Up 0% – What’s Next?

Ford Motor (NYSE:F) shares shot up 0% during mid-day trading on Thursday . The stock traded as high as $10.09 and last traded at $10.03. 10,992,807 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 59,350,230 shares. The stock had previously closed at $10.03.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on F. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $13.00 to $11.00 in a research report on Wednesday. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $11.82.

Ford Motor Stock Down 0.4 %

The firm has a 50-day moving average of $10.29 and a two-hundred day moving average of $10.84. The firm has a market cap of $40.20 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.93 and a beta of 1.64. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last released its 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. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. As a group, sell-side analysts predict that Ford Motor will post 1.77 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 annualized dividend and a yield of 5.93%. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in Ford Motor during the 2nd quarter valued at about $27,000. Kimelman & Baird LLC bought a new position in shares of Ford Motor in the second quarter valued at approximately $30,000. Reston Wealth Management LLC acquired a new position in shares of Ford Motor in the 3rd quarter worth approximately $33,000. Access Investment Management LLC bought a new stake in Ford Motor during the 3rd quarter worth approximately $34,000. Finally, Modus Advisors LLC acquired a new position in Ford Motor in the fourth quarter worth $34,000. Institutional investors and hedge funds 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.