Ford Motor (NYSE:F) Trading 2.2% Higher – Here’s Why

Ford Motor (NYSE:F)’s stock price traded up 2.2% during trading on Tuesday . The company traded as high as $10.10 and last traded at $10.11. 19,390,196 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 67,096,836 shares. The stock had previously closed at $9.89.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.82.

Ford Motor Price Performance

The firm’s 50-day moving average price is $10.18 and its two-hundred day moving average price is $10.64. The stock has a market cap of $40.28 billion, a PE ratio of 11.52, a PEG ratio of 1.96 and a beta of 1.63. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares during the last quarter. Principal Financial Group Inc. raised its position in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after purchasing an additional 160,409 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Ford Motor in the 3rd quarter valued at $55,456,000. CHURCHILL MANAGEMENT Corp acquired a new position in Ford Motor in the 4th quarter valued at $10,853,000. Finally, ING Groep NV grew its stake in shares of Ford Motor by 93.4% during the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after purchasing an additional 570,293 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.