Ford Motor (NYSE:F) Shares Up 2% – Here’s What Happened

by · The Cerbat Gem

Shares of Ford Motor (NYSE:FGet Free Report) traded up 2% on Friday . The stock traded as high as $9.79 and last traded at $9.72. 30,910,404 shares were traded during trading, a decline of 66% from the average session volume of 90,672,883 shares. The stock had previously closed at $9.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on F shares. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the company from $12.00 to $9.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada cut their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, BNP Paribas raised Ford Motor to a “hold” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given 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 $11.77.

View Our Latest Research Report on Ford Motor

Ford Motor Trading Up 2.2 %

The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $38.58 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.61 and a beta of 1.59. The company’s 50-day moving average is $9.71 and its 200-day moving average is $10.35.

Ford Motor (NYSE:FGet Free Report) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.16%. Ford Motor’s dividend payout ratio is currently 41.10%.

Hedge Funds Weigh In On Ford Motor

Several hedge funds have recently bought and sold shares of F. Northstar Financial Companies Inc. purchased a new stake in Ford Motor during the fourth quarter worth about $154,000. Wood Tarver Financial Group LLC purchased a new position in Ford Motor in the fourth quarter valued at $31,000. Probity Advisors Inc. raised its position in Ford Motor by 18.6% in the 4th quarter. Probity Advisors Inc. now owns 33,055 shares of the auto manufacturer’s stock valued at $327,000 after purchasing an additional 5,193 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Ford Motor in the 4th quarter valued at about $49,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ford Motor during the fourth quarter worth about $19,215,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

(Get Free Report)

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.

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