Ford Motor (NYSE:F) Shares Climb 1.7% – Here’s What Happened

Ford Motor Company (NYSE:F) shares traded up 1.7% during trading on Thursday. The company traded as high as $12.29 and last traded at $12.2650. Approximately 44,822,302 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 57,406,738 shares. The stock had previously closed at $12.06.

Ford Motor News Roundup

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

• Positive Sentiment: Ford retained its No. 3 position in U.S. vehicle sales during the third quarter, narrowly staying ahead of Hyundai. Maintaining its ranking supports Ford’s scale and brand position, although the slim margin highlights intensifying competition. Ford fends off Hyundai to retain No. 3 U.S. sales position in third quarter
• Positive Sentiment: Eased fuel-economy regulations could reduce compliance costs for automakers by an estimated $60.6 billion through 2031. Ford could benefit from lower regulatory spending and greater flexibility in vehicle development, although the article does not provide a Ford-specific savings estimate. Automakers Eye $60.6B in Savings as Fuel Economy Rules Ease
• Positive Sentiment: Ford-backed renewable-energy investment helped DTE Energy complete a 100-megawatt Michigan solar park. The project supports Ford’s decarbonization goals and may improve its long-term sustainability profile, but it is unlikely to materially affect near-term earnings. DTE Energy completes construction on Cold Creek Solar Park

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. DZ Bank raised Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research report on Friday, July 31st. Barclays raised their target price on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. BNP Paribas Exane boosted their price target on shares of Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, The Goldman Sachs Group upped their price target on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.68.

Ford Motor Stock Down 1.5%

The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The stock has a 50-day simple moving average of $13.79 and a 200-day simple moving average of $13.52. The company has a market cap of $48.21 billion, a price-to-earnings ratio of -6.47, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period last year, the company earned $0.37 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, analysts predict that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s dividend payout ratio is currently -32.09%.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in F. BlackRock Inc. acquired a new position in shares of Ford Motor in the 2nd quarter valued at about $4,649,131,000. Bank of America Corp DE lifted its position in shares of Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after purchasing an additional 55,100,244 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Ford Motor during the second quarter worth approximately $717,218,000. Deutsche Bank AG acquired a new stake in shares of Ford Motor during the second quarter worth approximately $267,563,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Ford Motor during the second quarter valued at approximately $132,567,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.