Ford Motor (NYSE:F) Stock Price Up 3% – What’s Next?

Shares of Ford Motor Company (NYSE:F – Get Free Report) traded up 3% during mid-day trading on Wednesday. The company traded as high as $12.86 and last traded at $12.6850. Approximately 50,568,337 shares traded hands during trading, a decline of 9% from the average session volume of 55,743,523 shares. The stock had previously closed at $12.31.

Key Stories Impacting Ford Motor

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on F. TD Cowen lifted their price target on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. JPMorgan Chase & Co. reduced their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, October 12th. UBS Group cut their price target on shares of Ford Motor from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Finally, DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus price target of $15.02.

Check Out Our Latest Stock Analysis on Ford Motor

Ford Motor Stock Up 3.0%

The company has a market cap of $50.58 billion, a PE ratio of -6.44, a P/E/G ratio of 0.24 and a beta of 1.88. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.08 and a quick ratio of 0.94. The firm has a 50-day simple moving average of $12.83 and a two-hundred day simple moving average of $13.35.

Ford Motor (NYSE:F – Get Free Report) last released its earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. Ford Motor had a positive return on equity of 18.89% and a negative net margin of 4.17%. The firm had revenue of $49.53 billion for the quarter, compared to the consensus estimate of $49.08 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Research analysts anticipate that Ford Motor Company will post 1.90 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.7%. Ford Motor’s dividend payout ratio is presently -30.46%.

Institutional Trading of Ford Motor

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Ford Motor in the second quarter worth approximately $4,649,131,000. Bank of America Corp DE increased its holdings 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 valued at $1,006,703,000 after buying an additional 55,100,244 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Ford Motor in the second quarter valued at $717,218,000. Deutsche Bank AG acquired a new stake in shares of Ford Motor during the 2nd quarter valued at $267,563,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ford Motor during the 2nd quarter valued at $132,567,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

(Get Free Report)

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.

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