Ford Motor (NYSE:F) Trading 0.2% Higher – What’s Next?

Shares of Ford Motor (NYSE:F) traded up 0.2% during mid-day trading on Wednesday . The company traded as high as $11.17 and last traded at $11.12. 14,377,648 shares changed hands during trading, a decline of 73% from the average session volume of 53,700,016 shares. The stock had previously closed at $11.10.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wolfe Research assumed coverage on Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a report on Thursday, November 7th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.02.

Ford Motor Stock Performance

The firm has a fifty day simple moving average of $10.77 and a 200 day simple moving average of $11.53. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The stock has a market cap of $43.96 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.01 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the firm posted $0.39 EPS. Ford Motor’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.42%. Ford Motor’s dividend payout ratio is 68.18%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Insight Wealth Partners LLC boosted its position in Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after buying an additional 843 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Ford Motor by 2.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after purchasing an additional 846 shares during the last quarter. RB Capital Management LLC raised its stake in Ford Motor by 2.9% during the 1st quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock worth $403,000 after buying an additional 857 shares during the period. Freestone Capital Holdings LLC raised its stake in Ford Motor by 5.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after buying an additional 875 shares during the period. Finally, Hilltop National Bank raised its stake in Ford Motor by 7.1% during the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock worth $178,000 after buying an additional 944 shares during the period. 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.