Ford Motor (NYSE:F) Trading 2% Higher – What’s Next?

Shares of Ford Motor (NYSE:F) shot up 2% during mid-day trading on Wednesday . The stock traded as high as $10.12 and last traded at $10.14. 28,634,898 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 65,379,237 shares. The stock had previously closed at $9.94.

Analyst Upgrades and Downgrades

Several equities analysts have commented on F shares. Evercore ISI lowered their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Piper Sandler decreased their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. BNP Paribas raised shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. Finally, Bank of America decreased their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.37.

Ford Motor Trading Down 5.9 %

The firm has a market cap of $37.87 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $10.26.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, sell-side analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new position in Ford Motor in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor in the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor in the fourth quarter worth about $30,000. Kentucky Trust Co bought a new stake in Ford Motor during the 4th quarter worth about $31,000. Finally, Spurstone Advisory Services LLC acquired a new position in Ford Motor during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.