Ford Motor (NYSE:F) Trading 1.1% Higher – Here’s Why

Ford Motor Company (NYSE:F)’s stock price was up 1.1% during trading on Friday . The stock traded as high as $13.48 and last traded at $13.4650. Approximately 60,664,123 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 93,111,797 shares. The stock had previously closed at $13.32.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on F. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a report on Monday, December 15th. Royal Bank Of Canada raised their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. upped their price target on Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Citigroup increased their price target on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Evercore ISI boosted their price objective on shares of Ford Motor from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Monday, November 24th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.04.

Ford Motor Stock Up 1.1%

The stock has a market cap of $53.65 billion, a PE ratio of 11.61 and a beta of 1.60. The business has a 50 day moving average of $12.97 and a 200-day moving average of $11.93. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. Equities research analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were given a $0.15 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.60 annualized dividend and a yield of 4.5%. Ford Motor’s dividend payout ratio is 51.72%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AIA Group Ltd boosted its stake in shares of Ford Motor by 60.5% during the third quarter. AIA Group Ltd now owns 221,639 shares of the auto manufacturer’s stock worth $2,651,000 after buying an additional 83,571 shares during the period. Mirabella Financial Services LLP increased its position in Ford Motor by 250.5% in the 3rd quarter. Mirabella Financial Services LLP now owns 165,592 shares of the auto manufacturer’s stock valued at $1,977,000 after acquiring an additional 118,345 shares during the period. Investment Research Partners LLC purchased a new stake in Ford Motor during the 3rd quarter valued at approximately $566,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Ford Motor during the 3rd quarter worth approximately $32,000. Finally, CIBC Private Wealth Group LLC lifted its position in Ford Motor by 30.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 72,644 shares of the auto manufacturer’s stock worth $869,000 after acquiring an additional 17,121 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.