Ford Motor (NYSE:F) Trading Down 0.3% – Should You Sell?

21 Nov 2024, 14:48 by Jessica Moore · The Cerbat Gem

Ford Motor (NYSE:F – Get Free Report)’s stock price traded down 0.3% on Thursday . The stock traded as low as $10.61 and last traded at $10.70. 14,295,209 shares were traded during mid-day trading, a decline of 73% from the average session volume of 53,780,605 shares. The stock had previously closed at $10.73.

Analysts Set New Price Targets

A number of analysts recently issued reports on F shares. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company decreased their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.02.

View Our Latest Stock Report on Ford Motor

Ford Motor Price Performance

The firm has a market cap of $43.08 billion, a P/E ratio of 12.16, a P/E/G ratio of 2.01 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The company has a fifty day moving average of $10.82 and a 200-day moving average of $11.48.

Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. On average, sell-side analysts anticipate that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.54%. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently modified their holdings of F. Olistico Wealth LLC purchased a new position in shares of Ford Motor during the 2nd quarter valued at about $25,000. Family Firm Inc. bought a new position in Ford Motor during the 2nd quarter worth approximately $26,000. Quarry LP bought a new position in Ford Motor during the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth approximately $28,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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