Ford Motor (NYSE:F) Trading 0.2% Higher – Here’s Why

Ford Motor (NYSE:F) was up 0.2% during mid-day trading on Wednesday . The company traded as high as $10.35 and last traded at $10.32. Approximately 16,036,705 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 62,216,724 shares. The stock had previously closed at $10.29.

Wall Street Analysts Forecast Growth

F has been the subject of several research analyst reports. Bank of America lowered their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Piper Sandler dropped 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. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. Finally, Evercore ISI cut their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.50.

Ford Motor Price Performance

The stock has a fifty day simple moving average of $9.76 and a 200-day simple moving average of $10.29. The company has a market capitalization of $40.45 billion, a PE ratio of 7.00, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared 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. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 5.88%. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in F. Quest Partners LLC acquired a new stake in Ford Motor during the 3rd quarter worth $96,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ford Motor in the third quarter valued at about $186,000. Great Valley Advisor Group Inc. boosted its stake in shares of Ford Motor by 2.9% during the third quarter. Great Valley Advisor Group Inc. now owns 58,914 shares of the auto manufacturer’s stock worth $622,000 after buying an additional 1,652 shares during the period. Cerity Partners LLC grew its holdings in shares of Ford Motor by 10.8% during the third quarter. Cerity Partners LLC now owns 324,052 shares of the auto manufacturer’s stock worth $3,422,000 after buying an additional 31,707 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its position in Ford Motor by 36.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 123,911 shares of the auto manufacturer’s stock valued at $1,309,000 after acquiring an additional 33,138 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.