Ford Motor (NYSE:F – Get Free Report)’s share price was up 2.2% on Thursday . The stock traded as high as $10.67 and last traded at $10.65. Approximately 14,474,892 shares traded hands during trading, a decline of 73% from the average daily volume of 53,814,852 shares. The stock had previously closed at $10.42.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on F shares. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Royal Bank of Canada cut their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Barclays dropped their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $16.00 to $12.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $12.64.
Ford Motor Price Performance
The stock has a 50 day moving average of $11.01 and a two-hundred day moving average of $12.00. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The firm has a market capitalization of $42.68 billion, a P/E ratio of 10.98, a P/E/G ratio of 0.79 and a beta of 1.62.
Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. Sell-side analysts predict that Ford Motor will post 1.88 earnings per share for the current fiscal year.
Ford Motor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.
Hedge Funds Weigh In On Ford Motor
Several hedge funds and other institutional investors have recently modified their holdings of F. Olistico Wealth LLC acquired a new position in shares of Ford Motor in the 2nd quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. boosted its stake in Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Ford Motor during the second quarter worth $26,000. Quarry LP acquired a new stake in shares of Ford Motor in the second quarter valued at $27,000. Finally, Fortis Group Advisors LLC raised its holdings in shares of Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.
Ford Motor Company Profile
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.