Ford Motor (NYSE:F - Get Free Report) shares shot up 1.5% during mid-day trading on Thursday . The company traded as high as $9.41 and last traded at $9.37. 24,095,253 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 77,038,133 shares. The stock had previously closed at $9.23.
Analyst Ratings Changes
F has been the topic of several recent analyst reports. Royal Bank of Canada decreased their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a research note on Monday, February 10th. Jefferies Financial Group cut shares of Ford Motor from a "hold" rating to an "underperform" rating and dropped their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Wolfe Research restated an "underperform" rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Bank of America dropped their price objective on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $11.89.
Get Our Latest Analysis on Ford Motor
Ford Motor Trading Down 2.0 %
The business's 50-day simple moving average is $9.90 and its 200-day simple moving average is $10.45. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.98 and a current ratio of 1.16. The company has a market capitalization of $36.94 billion, a price-to-earnings ratio of 6.37, a P/E/G ratio of 1.80 and a beta of 1.63.
Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, research analysts expect that Ford Motor will post 1.7 earnings per share for the current fiscal year.
Ford Motor Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.46%. Ford Motor's dividend payout ratio is presently 41.10%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. boosted its position in shares of Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock worth $15,998,000 after buying an additional 336,720 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock valued at $46,408,000 after purchasing an additional 160,409 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor in the third quarter worth $55,456,000. CHURCHILL MANAGEMENT Corp acquired a new position in Ford Motor during the fourth quarter worth $10,853,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Ford Motor by 12.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer's stock valued at $4,511,000 after purchasing an additional 49,844 shares in the last quarter. Institutional investors own 58.74% of the company's stock.
About Ford Motor
(
Get Free Report)
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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