Ford Motor (NYSE:F) Trading 1% Higher – Here’s What Happened

Ford Motor (NYSE:F) shares shot up 1% during trading on Wednesday . The stock traded as high as $10.09 and last traded at $10.07. 10,103,343 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 53,880,820 shares. The stock had previously closed at $9.97.

Analyst Upgrades and Downgrades

F has been the subject of a number of analyst reports. Barclays reduced their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Four research 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 data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.83.

Ford Motor Stock Performance

The company has a market capitalization of $39.62 billion, a PE ratio of 11.33, a P/E/G ratio of 1.90 and a beta of 1.62. The stock has a 50-day simple moving average of $10.83 and a 200 day simple moving average of $11.28. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

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

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders 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 6.02%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Hedge Funds Weigh In On Ford Motor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Family Firm Inc. acquired a new stake in shares of Ford Motor during the second quarter worth approximately $26,000. Quarry LP acquired a new stake in shares of Ford Motor in the 2nd quarter valued at about $27,000. Ridgewood Investments LLC bought a new position in shares of Ford Motor during the second quarter worth about $28,000. Kimelman & Baird LLC acquired a new position in Ford Motor in the second quarter worth about $30,000. Finally, Reston Wealth Management LLC bought a new stake in Ford Motor in the third quarter valued at about $33,000. 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.