Ford Motor (NYSE:F) Trading Up 2.3% – What’s Next?

Ford Motor (NYSE:F)’s share price rose 2.3% on Tuesday . The stock traded as high as $10.39 and last traded at $10.42. Approximately 17,068,896 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 58,710,691 shares. The stock had previously closed at $10.18.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on F shares. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $11.83.

Ford Motor Price Performance

The stock has a market capitalization of $41.31 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.96 and a beta of 1.64. The company’s 50-day simple moving average is $10.36 and its 200-day simple moving average is $10.89. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 EPS. Research analysts forecast that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.77%. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its stake in Ford Motor by 29.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 40,351 shares of the auto manufacturer’s stock valued at $399,000 after purchasing an additional 9,143 shares during the last quarter. CX Institutional raised its stake in shares of Ford Motor by 8.8% during the 4th quarter. CX Institutional now owns 26,443 shares of the auto manufacturer’s stock worth $262,000 after purchasing an additional 2,132 shares during the period. Brighton Jones LLC grew its position in shares of Ford Motor by 5.4% during the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock valued at $195,000 after acquiring an additional 1,001 shares during the period. Hedges Asset Management LLC increased its position in Ford Motor by 40.0% in the fourth quarter. Hedges Asset Management LLC now owns 113,700 shares of the auto manufacturer’s stock worth $1,126,000 after buying an additional 32,500 shares during the last quarter. Finally, Donoghue Forlines LLC bought a new stake in Ford Motor in the 4th quarter valued at about $1,475,000. Institutional investors 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.