Ford Motor (NYSE:F) Trading Up 0.2% – Here’s Why

Shares of Ford Motor (NYSE:F) were up 0.2% on Friday . The stock traded as high as $10.61 and last traded at $10.47. Approximately 11,937,721 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 53,768,184 shares. The stock had previously closed at $10.45.

Wall Street Analysts Forecast Growth

F has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Barclays decreased their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a report on Tuesday, September 10th. Finally, Wolfe Research began coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.72.

Ford Motor Trading Up 1.1 %

The company’s 50 day simple moving average is $10.64 and its 200-day simple moving average is $11.93. The firm has a market cap of $42.20 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.79 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. Ford Motor’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. As a group, research analysts predict that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s payout ratio is presently 61.86%.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently modified their holdings of F. Olistico Wealth LLC purchased a new stake in Ford Motor in the second quarter worth about $25,000. Fortis Group Advisors LLC lifted its position in shares of Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 1,086 shares during the period. Family Firm Inc. bought a new position in shares of Ford Motor during the second quarter valued at approximately $26,000. Voisard Asset Management Group Inc. purchased a new position in Ford Motor during the fourth quarter valued at approximately $27,000. Finally, Financial Synergies Wealth Advisors Inc. raised its stake in Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,938 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

About Ford Motor

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.