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

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

Wall Street Analysts Forecast Growth

F has been the subject of a number of analyst reports. Wells Fargo & Company reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Jefferies Financial Group downgraded shares of 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. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. 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 issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.83.

Ford Motor Price Performance

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

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 the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. As a group, sell-side analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced 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 payout ratio is currently 68.18%.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently made changes to their positions in the business. Family Firm Inc. acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $26,000. Quarry LP bought a new stake in Ford Motor during the 2nd quarter worth about $27,000. Ridgewood Investments LLC bought a new position in shares of Ford Motor in the 2nd quarter valued at about $28,000. Kimelman & Baird LLC bought a new position in shares of Ford Motor in the 2nd quarter valued at about $30,000. Finally, Reston Wealth Management LLC bought a new position in shares of Ford Motor in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds 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.