Ford Motor (NYSE:F) Shares Up 1.6% – Here’s Why

07 Nov 2024, 14:48 by Sarita Garza · The Markets Daily

Ford Motor (NYSE:F – Get Free Report) shot up 1.6% during mid-day trading on Tuesday . The company traded as high as $10.58 and last traded at $10.53. 14,660,542 shares traded hands during trading, a decline of 73% from the average session volume of 53,546,938 shares. The stock had previously closed at $10.36.

Analysts Set New Price Targets

A number of brokerages recently weighed in on F. Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. Wolfe Research began coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Thursday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.02.

Check Out Our Latest Analysis on F

Ford Motor Stock Performance

The firm’s 50 day moving average is $10.77 and its 200-day moving average is $11.59. The stock has a market capitalization of $44.48 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.88 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. Analysts forecast that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.36%. The ex-dividend date is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently added to or reduced their stakes in the stock. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new position in Ford Motor during the second quarter worth about $26,000. Quarry LP acquired a new stake in shares of Ford Motor during the second quarter valued at about $27,000. Ridgewood Investments LLC purchased a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $28,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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