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

Ford Motor (NYSE:F - Get Free Report) shares 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.

Wall Street Analyst Weigh In

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

Ford Motor Stock Down 0.9 %

The stock has a market cap of $40.00 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.97 and a beta of 1.64. The stock has a 50 day simple moving average of $10.21 and a 200 day simple moving average of $10.70. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of Jackson Hole Trust bought a new stake in Ford Motor during the fourth quarter worth $29,000. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Ford Motor by 20.8% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 139,684 shares of the auto manufacturer's stock valued at $1,383,000 after purchasing an additional 24,085 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Ford Motor by 0.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 607,734 shares of the auto manufacturer's stock valued at $6,017,000 after purchasing an additional 1,570 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Ford Motor by 66.2% during the fourth quarter. D.A. Davidson & CO. now owns 210,743 shares of the auto manufacturer's stock worth $2,086,000 after purchasing an additional 83,941 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Ford Motor by 4.5% in the 4th quarter. CIBC Asset Management Inc now owns 595,488 shares of the auto manufacturer's stock worth $5,895,000 after purchasing an additional 25,859 shares in 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.