Ford Motor (NYSE:F) Trading 2.8% Higher – Here’s What Happened

Ford Motor (NYSE:F) shares shot up 2.8% during trading on Friday . The stock traded as high as $9.90 and last traded at $9.88. 42,012,509 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 82,892,422 shares. The stock had previously closed at $9.61.

Analyst Ratings Changes

A number of brokerages have issued reports on F. Evercore ISI reduced their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 7th. TD Cowen started coverage on shares of Ford Motor in a research report on Friday. They issued a “hold” rating and a $10.00 target price for the company. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company reduced their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.77.

Ford Motor Trading Up 3.1 %

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 firm has a market capitalization of $39.26 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The firm has a 50 day moving average price of $9.72 and a two-hundred day moving average price of $10.38.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, equities research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

Institutional Trading of Ford Motor

A number of hedge funds have recently modified their holdings of F. Hager Investment Management Services LLC purchased a new stake in shares of Ford Motor in the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor in the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor in the 4th quarter worth approximately $30,000. Kentucky Trust Co acquired a new stake in shares of Ford Motor during the 4th quarter valued at $31,000. Finally, Spurstone Advisory Services LLC purchased a new position in shares of Ford Motor during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.