Ford Motor (NYSE:F) Trading Up 0.3% - Here's Why

Ford Motor (NYSE:F - Get Free Report)'s share price shot up 0.3% during mid-day trading on Thursday . The company traded as high as $9.99 and last traded at $9.98. 12,526,224 shares changed hands during trading, a decline of 79% from the average session volume of 59,712,488 shares. The stock had previously closed at $9.95.

Wall Street Analysts Forecast Growth

Several brokerages have commented on F. Royal Bank of Canada reiterated a "sector perform" rating and issued a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Wolfe Research reiterated an "underperform" rating on shares of Ford Motor in a research report on Thursday, December 5th. Barclays decreased their target price on Ford Motor from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Jefferies Financial Group cut shares of Ford Motor from a "hold" rating to an "underperform" rating and lowered their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised Ford Motor from a "neutral" rating to a "buy" rating and boosted their price target for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $11.83.

Ford Motor Price Performance

The company has a market capitalization of $40.43 billion, a P/E ratio of 11.56, a PEG ratio of 1.86 and a beta of 1.64. 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 company's fifty day moving average price is $10.38 and its 200 day moving average price is $10.94.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, sell-side analysts forecast that Ford Motor will post 1.77 EPS for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor's dividend payout ratio (DPR) is currently 68.18%.

Institutional Trading of Ford Motor

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Ford Motor in the second quarter worth $27,000. Kimelman & Baird LLC bought a new position in Ford Motor in the 2nd quarter worth about $30,000. Reston Wealth Management LLC purchased a new stake in shares of Ford Motor in the 3rd quarter valued at about $33,000. Access Investment Management LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at about $34,000. Finally, Modus Advisors LLC purchased a new position in shares of Ford Motor during the fourth quarter worth about $34,000. Hedge funds and other 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.