Ford Motor (NYSE:F) Stock Price Up 0.9% – Here’s Why

24 Dec 2024, 13:36 by Amy Steele · The Cerbat Gem

Ford Motor (NYSE:F – Get Free Report) shares shot up 0.9% during mid-day trading on Tuesday . The stock traded as high as $9.99 and last traded at $9.99. 7,047,056 shares changed hands during trading, a decline of 87% from the average session volume of 54,231,758 shares. The stock had previously closed at $9.90.

Analysts Set New Price Targets

Several analysts have recently issued reports on F shares. Barclays decreased their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reduced their price target 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. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $11.83.

Read Our Latest Stock Report on F

Ford Motor Stock Up 1.2 %

The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The firm has a market capitalization of $39.82 billion, a P/E ratio of 11.39, a PEG ratio of 1.90 and a beta of 1.62. The business’s fifty day moving average price is $10.75 and its two-hundred day moving average price is $11.22.

Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. Equities analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were given a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.99%. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Trading of Ford Motor

A number of hedge funds have recently modified their holdings of the stock. Raymond James Trust N.A. raised its position in shares of Ford Motor by 2.1% in the second quarter. Raymond James Trust N.A. now owns 48,901 shares of the auto manufacturer’s stock worth $613,000 after acquiring an additional 1,013 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Ford Motor by 4.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,123,024 shares of the auto manufacturer’s stock worth $14,083,000 after purchasing an additional 47,816 shares during the period. Atomi Financial Group Inc. boosted its position in Ford Motor by 12.7% during the second quarter. Atomi Financial Group Inc. now owns 37,306 shares of the auto manufacturer’s stock worth $468,000 after purchasing an additional 4,190 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Ford Motor by 2.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 40,857 shares of the auto manufacturer’s stock valued at $512,000 after purchasing an additional 1,054 shares during the period. Finally, 1834 Investment Advisors Co. purchased a new stake in shares of Ford Motor in the second quarter valued at approximately $1,833,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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