Ford Motor (NYSE:F) Trading Up 0.7% – What’s Next?

Ford Motor (NYSE:F)’s stock price was up 0.7% during mid-day trading on Wednesday . The company traded as high as $10.32 and last traded at $10.24. Approximately 25,890,836 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 67,536,836 shares. The stock had previously closed at $10.16.

Wall Street Analyst Weigh In

Several brokerages have issued reports on F. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report 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 company 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 assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.82.

Ford Motor Trading Up 0.7 %

The stock has a market cap of $40.68 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63. 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 company has a 50 day moving average of $10.16 and a 200-day moving average of $10.62.

Institutional Trading of Ford Motor

Several hedge funds have recently modified their holdings of F. Meridian Financial Partners LLC boosted its stake in shares of Ford Motor by 1.1% in the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after buying an additional 953 shares during the period. Apollon Wealth Management LLC lifted its stake in Ford Motor by 1.1% in the third quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after acquiring an additional 969 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in Ford Motor by 6.6% during the 3rd quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock worth $170,000 after acquiring an additional 990 shares in the last quarter. PBMares Wealth Management LLC raised its holdings in shares of Ford Motor by 9.0% in the 3rd quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock valued at $126,000 after purchasing an additional 991 shares in the last quarter. Finally, Pointe Capital Management LLC grew its stake in shares of Ford Motor by 4.8% during the third quarter. Pointe Capital Management LLC now owns 21,821 shares of the auto manufacturer’s stock worth $230,000 after purchasing an additional 1,000 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.