Ford Motor (NYSE:F) Reaches New 1-Year High – Here’s Why

Ford Motor Company (NYSE:F)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $14.95 and last traded at $14.9250, with a volume of 108752688 shares traded. The stock had previously closed at $13.67.

Analyst Upgrades and Downgrades

F has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Citigroup decreased their target price on Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. UBS Group decreased their target price on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Bank of America started coverage on Ford Motor in a research report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $13.56.

Ford Motor Stock Up 9.2%

The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The stock has a 50-day simple moving average of $12.29 and a 200-day simple moving average of $13.03. The firm has a market capitalization of $59.47 billion, a PE ratio of -9.63, a P/E/G ratio of 0.33 and a beta of 1.65.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same period last year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts forecast that Ford Motor Company will post 1.6 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.0%. Ford Motor’s payout ratio is -38.71%.

Hedge Funds Weigh In On Ford Motor

Several hedge funds have recently made changes to their positions in F. Caxton Associates LLP purchased a new position in shares of Ford Motor in the first quarter valued at $304,000. Empowered Funds LLC grew its position in shares of Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after purchasing an additional 43,385 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Ford Motor in the second quarter valued at $172,000. NewEdge Advisors LLC grew its position in shares of Ford Motor by 26.3% in the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after purchasing an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Ford Motor by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after purchasing an additional 26,526 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Company Profile

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.