Ford Motor (NYSE:F) Trading Up 0.9% – Here’s What Happened

Ford Motor (NYSE:F) was up 0.9% on Friday . The stock traded as high as $10.41 and last traded at $10.38. Approximately 8,035,290 shares were traded during trading, a decline of 85% from the average daily volume of 53,567,695 shares. The stock had previously closed at $10.29.

Wall Street Analyst Weigh In

F has been the subject of several recent research reports. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.41.

Ford Motor Stock Up 0.2 %

The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.15. The firm has a market capitalization of $40.98 billion, a PE ratio of 11.80, a PEG ratio of 1.90 and a beta of 1.62. The company’s 50 day simple moving average is $10.82 and its 200-day simple moving average is $11.63.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, analysts forecast that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced 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. This represents a $0.60 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Investors Weigh In On Ford Motor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Olistico Wealth LLC purchased a new position in Ford Motor during the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new position in Ford Motor in the second quarter worth about $26,000. Quarry LP purchased a new position in Ford Motor in the second quarter worth about $27,000. Ridgewood Investments LLC purchased a new position in Ford Motor in the second quarter worth about $28,000. Finally, Kimelman & Baird LLC purchased a new position in Ford Motor in the second quarter worth about $30,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.