Ford Motor (NYSE:F) Stock Jumps 3% – Here’s Why

Ford Motor Company (NYSE:F) traded up 3% during mid-day trading on Wednesday. The stock traded as high as $12.86 and last traded at $12.6850. Approximately 50,568,337 shares were traded during trading, a decline of 9% from the average session volume of 55,743,523 shares. The stock had previously closed at $12.31.

Analysts Set New Price Targets

Several equities analysts recently weighed in on F shares. Barclays lifted their target price on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. BNP Paribas Exane lowered their price objective on Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. TD Cowen boosted their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. Finally, Piper Sandler lifted their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.02.

Ford Motor Price Performance

The company has a market cap of $49.63 billion, a P/E ratio of 7.41, a PEG ratio of 0.24 and a beta of 1.88. The firm’s 50-day moving average is $12.74 and its two-hundred day moving average is $13.34. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.08 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. The firm had revenue of $49.53 billion during the quarter, compared to analysts’ expectations of $49.08 billion. Ford Motor had a positive return on equity of 18.89% and a negative net margin of 4.17%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Analysts anticipate that Ford Motor Company will post 1.90 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, November 10th. Ford Motor’s dividend payout ratio (DPR) is presently -30.46%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently modified their holdings of F. Ninety One UK Ltd acquired a new stake in shares of Ford Motor during the 3rd quarter valued at $25,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,230 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Ford Motor in the 2nd quarter worth $31,000. Cedar Mountain Advisors LLC grew its holdings in shares of Ford Motor by 58.1% in the 1st quarter. Cedar Mountain Advisors LLC now owns 2,940 shares of the auto manufacturer’s stock worth $34,000 after acquiring an additional 1,080 shares during the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Ford Motor during the third quarter worth $36,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit.

Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.

Founded in 1903 by Henry Ford and other investors, the company helped popularize automobile manufacturing on a large scale.