Ford Motor (NYSE:F) Shares Up 0.7% - Here's What Happened

Ford Motor (NYSE:F - Get Free Report)'s stock price rose 0.7% during mid-day trading on Friday . The company traded as high as $10.30 and last traded at $10.24. Approximately 20,121,330 shares traded hands during trading, a decline of 68% from the average daily volume of 61,999,539 shares. The stock had previously closed at $10.16.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on F. Barclays downgraded Ford Motor from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Jefferies Financial Group lowered shares of Ford Motor from a "hold" rating to an "underperform" rating and decreased their target price for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Sanford C. Bernstein lowered shares of Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price target for the company. in a research note on Thursday, November 7th. Royal Bank of Canada reiterated a "sector perform" rating and set a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Wolfe Research restated an "underperform" rating on shares of Ford Motor in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Ford Motor currently has an average rating of "Hold" and a consensus price target of $11.82.

Ford Motor Stock Down 0.6 %

The stock has a market capitalization of $40.12 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.97 and a beta of 1.64. 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 fifty day moving average is $10.23 and its 200-day moving average is $10.76.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 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 company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that Ford Motor will post 1.78 earnings per share for the current year.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in Ford Motor during the second quarter worth about $214,000. NewEdge Advisors LLC raised its stake in Ford Motor by 38.4% during the 2nd quarter. NewEdge Advisors LLC now owns 284,525 shares of the auto manufacturer's stock worth $3,568,000 after buying an additional 78,926 shares during the period. Quarry LP bought a new position in Ford Motor during the second quarter worth about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Ford Motor in the second quarter valued at about $124,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Ford Motor during the second quarter worth about $7,459,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.

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