Ford Motor (NYSE:F) Trading 0.5% Higher – Here’s What Happened

Shares of Ford Motor (NYSE:F) were up 0.5% during trading on Thursday . The stock traded as high as $10.39 and last traded at $10.27. Approximately 15,995,604 shares changed hands during trading, a decline of 74% from the average daily volume of 61,578,352 shares. The stock had previously closed at $10.21.

Wall Street Analysts Forecast Growth

F has been the topic of several recent analyst reports. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, November 7th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Three equities 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 company. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and an average target price of $11.82.

Ford Motor Stock Down 0.6 %

The firm’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $10.76. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The stock has a market capitalization of $40.32 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.93 and a beta of 1.64.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same period last year, the company earned $0.39 earnings per share. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Ford Motor will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Ford Motor in the second quarter valued at approximately $27,000. Kimelman & Baird LLC bought a new position in Ford Motor during the 2nd quarter worth $30,000. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at $26,000. Reston Wealth Management LLC acquired a new stake in shares of Ford Motor during the 3rd quarter worth $33,000. Finally, Kentucky Trust Co bought a new position in shares of Ford Motor in the fourth quarter worth $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.