Ford Motor (NYSE:F) Trading 1.8% Higher – Here’s What Happened

Ford Motor (NYSE:F)’s stock price was up 1.8% on Monday . The company traded as high as $10.20 and last traded at $10.18. Approximately 20,071,501 shares were traded during trading, a decline of 68% from the average daily volume of 61,922,215 shares. The stock had previously closed at $10.00.

Wall Street Analyst Weigh In

F has been the subject of several recent research reports. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the company from $12.00 to $9.00 in a report on Monday, December 16th. Wells Fargo & Company lowered their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. TD Cowen began coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. Finally, BNP Paribas raised shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.50.

Ford Motor Trading Up 0.3 %

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 business has a 50 day simple moving average of $9.76 and a 200-day simple moving average of $10.29. The stock has a market capitalization of $40.74 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate 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, analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.84%. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in F. Hager Investment Management Services LLC acquired a new stake in shares of Ford Motor during the 4th quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Ford Motor during the fourth quarter worth $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor during the fourth quarter valued at $30,000. Spurstone Advisory Services LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at $31,000. Finally, Kentucky Trust Co purchased a new position in Ford Motor in the 4th quarter worth about $31,000. 58.74% of the stock is 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.