Ford Motor (NYSE:F) Trading Up 3.2% – What’s Next?

Ford Motor Company (NYSE:F)’s share price was up 3.2% on Thursday . The stock traded as high as $13.95 and last traded at $13.8830. 47,713,903 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 58,264,441 shares. The stock had previously closed at $13.45.

Wall Street Analyst Weigh In

Several brokerages recently commented on F. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and upped their price target for the company from $14.50 to $17.50 in a research report on Monday, July 27th. The Goldman Sachs Group boosted their target price on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Barclays increased their target price on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. raised their target price on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $15.68.

Ford Motor Stock Up 0.7%

The business’s 50 day simple moving average is $14.14 and its 200-day simple moving average is $13.53. The company has a market cap of $55.72 billion, a price-to-earnings ratio of -7.47, a price-to-earnings-growth ratio of 0.29 and a beta of 1.83. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the business posted $0.37 earnings per share. Ford Motor’s revenue for the quarter was down 3.8% compared to the same quarter last year. Sell-side analysts expect that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor’s dividend payout ratio is presently -32.09%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently made changes to their positions in the company. MV Capital Management Inc. acquired a new position in Ford Motor in the fourth quarter worth approximately $25,000. McMillan Office Inc. acquired a new stake in Ford Motor in the fourth quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID lifted its stake in Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 1,230 shares during the last quarter. Johnson Financial Group Inc. grew its position in Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 837 shares in the last quarter. Finally, Caldwell Trust Co grew its position in Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 2,175 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

About Ford Motor

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.