Ford Motor (NYSE:F) Trading 0.3% Higher – What’s Next?

Ford Motor (NYSE:F)’s stock price rose 0.3% on Tuesday . The company traded as high as $10.84 and last traded at $10.79. Approximately 12,990,653 shares were traded during trading, a decline of 83% from the average daily volume of 75,520,438 shares. The stock had previously closed at $10.75.

Analysts Set New Price Targets

A number of research firms recently weighed in on F. Piper Sandler lowered their price target on Ford Motor from $9.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday, May 6th. The Goldman Sachs Group upped their target price on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. UBS Group cut their target price on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Bank of America dropped their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Barclays boosted their price target on Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Ford Motor Trading Up 0.1%

The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market capitalization of $42.67 billion, a P/E ratio of 7.36, a P/E/G ratio of 0.61 and a beta of 1.53. The company has a 50-day simple moving average of $9.93 and a 200 day simple moving average of $10.05.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. The company had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Sell-side analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.57%. Ford Motor’s dividend payout ratio (DPR) is currently 48.00%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in F. Grove Bank & Trust raised its stake in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,882 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at $26,000. Elite Financial Inc. acquired a new stake in shares of Ford Motor during the 1st quarter worth $27,000. Olde Wealth Management LLC bought a new position in shares of Ford Motor in the first quarter worth $28,000. Finally, Bank of Jackson Hole Trust bought a new stake in Ford Motor during the fourth quarter worth about $29,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.