Ford Motor (NYSE:F) Shares Up 1.6% – Here’s Why
by Doug Wharley · The Cerbat GemFord Motor Company (NYSE:F – Get Free Report) was up 1.6% during trading on Friday . The company traded as high as $13.39 and last traded at $13.3250. Approximately 46,297,425 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 41,132,344 shares. The stock had previously closed at $13.12.
Analysts Set New Price Targets
A number of research firms have issued reports on F. Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 22nd. The Goldman Sachs Group raised their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Barclays increased their price target on Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Finally, UBS Group boosted their price objective on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $12.18.
Ford Motor Stock Performance
The business’s 50-day simple moving average is $13.20 and its two-hundred day simple moving average is $12.13. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm has a market cap of $53.09 billion, a price-to-earnings ratio of 11.49 and a beta of 1.62.
Ford Motor (NYSE:F – Get Free Report) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion for the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. As a group, sell-side analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.
Ford Motor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were given a $0.15 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. Ford Motor’s payout ratio is 51.72%.
Institutional Investors Weigh In On Ford Motor
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisors Capital Management LLC boosted its stake in Ford Motor by 9.6% during the 1st quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock worth $126,000 after purchasing an additional 1,100 shares during the last quarter. Swiss National Bank lifted its stake in shares of Ford Motor by 7.4% in the second quarter. Swiss National Bank now owns 11,822,986 shares of the auto manufacturer’s stock worth $128,279,000 after buying an additional 813,800 shares in the last quarter. Teza Capital Management LLC purchased a new position in shares of Ford Motor in the first quarter worth about $465,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Ford Motor by 7.3% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,476,340 shares of the auto manufacturer’s stock worth $81,118,000 after acquiring an additional 510,473 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Ford Motor by 3.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,055,356 shares of the auto manufacturer’s stock valued at $98,251,000 after acquiring an additional 279,470 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.
Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.