Ford Motor (NYSE:F) Trading 2.1% Higher – Here’s What Happened

Ford Motor (NYSE:F) shot up 2.1% on Monday . The stock traded as high as $11.22 and last traded at $11.20. 12,148,066 shares traded hands during trading, a decline of 77% from the average session volume of 53,716,617 shares. The stock had previously closed at $10.97.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Wells Fargo & Company lowered their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Barclays lowered their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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 stock. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $12.02.

Ford Motor Price Performance

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 firm’s 50-day moving average price is $10.77 and its two-hundred day moving average price is $11.53. The stock has a market cap of $44.13 billion, a PE ratio of 12.61, a PEG ratio of 2.01 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. On average, equities analysts expect that Ford Motor will post 1.82 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 Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 68.18%.

Institutional Trading of Ford Motor

Large investors have recently added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new position in shares of Ford Motor in the 2nd quarter valued at $25,000. Family Firm Inc. purchased a new stake in shares of Ford Motor during the 2nd quarter worth about $26,000. Quarry LP acquired a new stake in shares of Ford Motor during the 2nd quarter valued at about $27,000. Ridgewood Investments LLC purchased a new position in shares of Ford Motor in the 2nd quarter valued at about $28,000. Finally, Kimelman & Baird LLC acquired a new position in Ford Motor in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.