Ford Motor (NYSE:F) Trading 1.9% Higher Following Analyst Upgrade

Shares of Ford Motor Company (NYSE:F) were up 1.9% during mid-day trading on Wednesday after BNP Paribas Exane raised their price target on the stock from $13.00 to $14.00. BNP Paribas Exane currently has a neutral rating on the stock. Ford Motor traded as high as $14.38 and last traded at $14.20. Approximately 56,496,886 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 61,309,023 shares. The stock had previously closed at $13.94.

F has been the topic of several other reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a research note on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Citigroup lifted their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Finally, Wells Fargo & Company upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $14.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Ford Motor in the fourth quarter worth $674,437,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in Ford Motor during the 4th quarter worth $1,769,000. TD Asset Management Inc increased its position in shares of Ford Motor by 11.0% in the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after purchasing an additional 189,310 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Ford Motor by 2.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after purchasing an additional 103,423 shares during the last quarter. Finally, World Investment Advisors raised its stake in shares of Ford Motor by 222.5% in the 4th quarter. World Investment Advisors now owns 125,292 shares of the auto manufacturer’s stock valued at $1,644,000 after purchasing an additional 86,445 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Up 1.9%

The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The business’s 50 day moving average price is $14.18 and its 200-day moving average price is $13.39. The firm has a market cap of $56.58 billion, a price-to-earnings ratio of -9.16, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the previous year, the company earned $0.14 earnings per share. Ford Motor’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s dividend payout ratio is currently -38.71%.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.