Ford Motor (NYSE:F) Trading Up 1.4% – Here’s Why

Ford Motor (NYSE:F) was up 1.4% during mid-day trading on Friday . The company traded as high as $9.88 and last traded at $9.88. Approximately 17,034,307 shares were traded during trading, a decline of 69% from the average daily volume of 54,139,707 shares. The stock had previously closed at $9.74.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays decreased their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a report on Thursday, November 7th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.83.

Ford Motor Price Performance

The stock has a market cap of $39.27 billion, a PE ratio of 11.23, a P/E/G ratio of 1.90 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The company’s 50 day moving average is $10.77 and its 200-day moving average is $11.24.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Family Firm Inc. bought a new stake in shares of Ford Motor in the 2nd quarter worth about $26,000. Quarry LP bought a new stake in shares of Ford Motor in the 2nd quarter worth about $27,000. Ridgewood Investments LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth about $28,000. Kimelman & Baird LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth about $30,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Ford Motor in the 3rd quarter worth about $33,000. Institutional investors own 58.74% of the company’s stock.

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.