Ford Motor (NYSE:F) Trading 3.4% Higher – Here’s Why

Ford Motor Company (NYSE:F) shares shot up 3.4% during trading on Friday . The stock traded as high as $12.94 and last traded at $12.83. 73,770,728 shares were traded during trading, a decline of 24% from the average session volume of 96,593,445 shares. The stock had previously closed at $12.41.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on F shares. Royal Bank Of Canada upped their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Dbs Bank downgraded Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Wells Fargo & Company raised their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Citigroup boosted their target price on Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, The Goldman Sachs Group raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and an average target price of $11.73.

Ford Motor Stock Up 3.4%

The firm has a 50-day simple moving average of $12.39 and a 200 day simple moving average of $11.51. The stock has a market capitalization of $51.12 billion, a P/E ratio of 11.06, a P/E/G ratio of 4.03 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, equities research analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, November 7th. Ford Motor’s payout ratio is 51.72%.

Institutional Trading of Ford Motor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Toledo NA OH bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $25,000. Corsicana & Co. bought a new stake in Ford Motor in the third quarter valued at approximately $25,000. Country Trust Bank bought a new stake in Ford Motor in the second quarter valued at approximately $27,000. Capital A Wealth Management LLC increased its position in Ford Motor by 990.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 2,279 shares during the period. Finally, Johnson Financial Group Inc. raised its holdings in Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the last quarter. 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.