Ford Motor (NYSE:F) Trading Up 1.3% – What’s Next?

Ford Motor (NYSE:F) shares traded up 1.3% during mid-day trading on Monday . The stock traded as high as $11.19 and last traded at $11.15. 8,975,311 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 53,719,410 shares. The stock had previously closed at $11.01.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company dropped their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Evercore ISI raised Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wolfe Research began coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating for the company. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Trading Down 1.4 %

The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $43.92 billion, a P/E ratio of 12.56, a PEG ratio of 2.00 and a beta of 1.62. The firm has a 50 day moving average of $10.81 and a 200-day moving average of $11.48.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.43%. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in F. O Shaughnessy Asset Management LLC increased its holdings in shares of Ford Motor by 7.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 173,814 shares of the auto manufacturer’s stock worth $2,308,000 after buying an additional 11,403 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Ford Motor during the first quarter worth $275,000. Bessemer Group Inc. increased its holdings in shares of Ford Motor by 34.4% during the first quarter. Bessemer Group Inc. now owns 38,320 shares of the auto manufacturer’s stock worth $508,000 after buying an additional 9,807 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ford Motor in the first quarter valued at $9,538,000. Finally, Pitcairn Co. boosted its position in Ford Motor by 6.9% during the first quarter. Pitcairn Co. now owns 53,262 shares of the auto manufacturer’s stock valued at $707,000 after acquiring an additional 3,460 shares during the last quarter. 58.74% of the stock is currently 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.