Ford Motor (NYSE:F) Stock Price Up 3% Following Analyst Upgrade

Shares of Ford Motor Company (NYSE:F) shot up 3% on Thursday after The Goldman Sachs Group raised their price target on the stock from $13.00 to $16.00. The Goldman Sachs Group currently has a neutral rating on the stock. Ford Motor traded as high as $14.78 and last traded at $14.7270. 45,988,431 shares were traded during trading, a decline of 27% from the average session volume of 63,032,496 shares. The stock had previously closed at $14.30.

Other research analysts have also issued reports about the company. Bank of America lifted their target price on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a report on Friday, May 15th. UBS Group boosted their price target on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday. Finally, Citigroup boosted their price target on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.63.

Ford Motor News Summary

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford’s key aluminum supplier, Novelis, restarted production at its Oswego, New York hot mill after fire-related outages, which should help ease aluminum supply constraints and support recovery in Ford’s truck production, especially the F-150. Novelis restarts production at New York plant key to Ford trucks
• Positive Sentiment: Goldman Sachs raised its price target on Ford to $16 from $13, keeping a neutral rating, signaling improved valuation expectations and some confidence in the stock’s upside. Ford Motor Company (NYSE:F) Receives Consensus Rating of “Hold” from Brokerages
• Positive Sentiment: UBS also recently lifted its price target on Ford to $17 from $14 and reiterated a buy rating, adding to the bullish analyst backdrop. Ford Motor Company (F) – Among the 12 Cash-Rich Stocks to Buy Right Now
• Neutral Sentiment: Ford continues to draw attention for strong cash generation, with TTM operating cash flow cited at $18.92 billion, which supports the investment case but is not a new catalyst by itself. Ford Motor Company (F) – Among the 12 Cash-Rich Stocks to Buy Right Now
• Negative Sentiment: Ford announced a recall of more than 548,000 U.S. vehicles over a defective center console, a headline that could pressure sentiment because it raises warranty and reputational risks. Ford to recall more than 548,000 US vehicles over defective center console

Hedge Funds Weigh In On Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Maripau Wealth Management LLC grew its position in shares of Ford Motor by 1.6% in the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after purchasing an additional 749 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Ford Motor by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after acquiring an additional 756 shares during the period. Robertson Stephens Wealth Management LLC increased its position in Ford Motor by 1.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after acquiring an additional 761 shares during the period. CRA Financial Services LLC increased its position in Ford Motor by 4.4% during the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock worth $240,000 after acquiring an additional 775 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in Ford Motor by 16.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after acquiring an additional 776 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Up 3.0%

The firm has a market capitalization of $58.68 billion, a P/E ratio of -9.50, a price-to-earnings-growth ratio of 0.33 and a beta of 1.79. The business’s 50-day moving average is $13.33 and its 200 day moving average is $13.26. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The business had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. As a group, analysts anticipate that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.1%. Ford Motor’s dividend payout ratio is -38.71%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.