Ford Motor (NYSE:F) Stock Price Up 5.6% – What’s Next?
by Scott Moore · The Cerbat GemShares of Ford Motor Company (NYSE:F – Get Free Report) rose 5.6% on Wednesday . The stock traded as high as $12.24 and last traded at $12.1680. Approximately 58,073,862 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 63,653,918 shares. The stock had previously closed at $11.52.
Analyst Upgrades and Downgrades
F has been the subject of several research reports. TD Cowen upped their target price on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, January 13th. Wells Fargo & Company lowered their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Bank of America initiated coverage on Ford Motor in a report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 target price for the company. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, JPMorgan Chase & Co. upped their target price on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.66.
View Our Latest Stock Analysis on F
Ford Motor Stock Down 0.9%
The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.94 and a current ratio of 1.07. The stock has a market capitalization of $48.37 billion, a PE ratio of -5.89, a PEG ratio of 0.28 and a beta of 1.70. The business has a 50 day moving average of $12.76 and a two-hundred day moving average of $12.92.
Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $45.89 billion during the quarter, compared to analysts’ expectations of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. Analysts predict that Ford Motor Company will post 1.47 EPS for the current year.
Ford Motor Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, February 13th. Ford Motor’s dividend payout ratio is -29.13%.
Insider Buying and Selling at Ford Motor
In related news, insider William Clay Ford, Jr. acquired 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $13.82 per share, for a total transaction of $1,934,800.00. Following the purchase, the insider directly owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This trade represents a 3.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.63% of the stock is owned by company insiders.
Institutional Investors Weigh In On Ford Motor
Hedge funds have recently made changes to their positions in the stock. Corsicana & Co. purchased a new stake in shares of Ford Motor during the 3rd quarter worth $25,000. Grove Bank & Trust lifted its stake in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. MV Capital Management Inc. purchased a new stake in shares of Ford Motor during the 4th quarter worth $25,000. Olistico Wealth LLC purchased a new stake in shares of Ford Motor during the 4th quarter worth $26,000. Finally, McMillan Office Inc. purchased a new stake in Ford Motor in the fourth quarter valued at about $26,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.
About Ford Motor
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.