Ford Motor (NYSE:F) Stock Price Up 2.7% – What’s Next?
by Tristan Rich · The Markets DailyFord Motor Company (NYSE:F – Get Free Report)’s stock price rose 2.7% during trading on Tuesday . The stock traded as high as $11.59 and last traded at $11.5150. Approximately 38,116,581 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 65,760,438 shares. The stock had previously closed at $11.21.
Wall Street Analyst Weigh In
F has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Morgan Stanley lifted their target price on Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Piper Sandler raised Ford Motor from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $11.00 to $16.00 in a research note on Thursday, January 8th. Finally, HSBC raised their price target on Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average target price of $13.22.
Read Our Latest Stock Report on F
Ford Motor Stock Performance
The company has a fifty day moving average price of $12.99 and a two-hundred day moving average price of $12.93. The firm has a market cap of $46.24 billion, a price-to-earnings ratio of -5.62, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94.
Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The firm had revenue of $45.89 billion for the quarter, compared to analysts’ expectations of $41.78 billion. During the same period in the previous year, the business earned $0.39 earnings per share. Ford Motor’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities research analysts expect that Ford Motor Company will post 1.47 EPS for the current year.
Ford Motor Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, February 13th. Ford Motor’s payout ratio is presently -29.13%.
Insider Buying and Selling
In other Ford Motor news, insider William Clay Ford, Jr. bought 140,000 shares of Ford Motor 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 completion of the acquisition, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This represents a 3.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ford Motor
Hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Ford Motor during the 4th quarter valued at $674,437,000. DLD Asset Management LP acquired a new stake in Ford Motor during the third quarter valued at $299,000,000. Marshall Wace LLP grew its stake in Ford Motor by 712.7% in the second quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock valued at $212,361,000 after purchasing an additional 17,164,234 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Ford Motor by 610.1% during the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock worth $146,646,000 after purchasing an additional 9,603,267 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Ford Motor by 26.9% during the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after buying an additional 8,086,564 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.
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.