Ford Motor (NYSE:F) Shares Up 2% - What's Next?

Ford Motor (NYSE:F - Get Free Report) shares rose 2% on Tuesday . The company traded as high as $9.64 and last traded at $9.66. Approximately 22,934,500 shares changed hands during trading, a decline of 68% from the average daily volume of 71,697,069 shares. The stock had previously closed at $9.47.

Analysts Set New Price Targets

F has been the subject of a number of analyst reports. Citigroup assumed coverage on Ford Motor in a research note on Wednesday. They issued a "neutral" rating and a $10.00 price target for the company. Piper Sandler cut their target price on Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Sanford C. Bernstein downgraded Ford Motor from a "market perform" rating to an "underperform" rating and decreased their target price for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price target on Ford Motor from $13.00 to $11.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Evercore ISI reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Ford Motor has an average rating of "Hold" and a consensus price target of $9.77.

Ford Motor Stock Performance

The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The business's fifty day moving average price is $9.62 and its two-hundred day moving average price is $10.11. The stock has a market capitalization of $39.97 billion, a P/E ratio of 6.91, a P/E/G ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, sell-side analysts forecast that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 5.95%. Ford Motor's payout ratio is presently 41.10%.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently made changes to their positions in F. Grove Bank & Trust increased its stake in Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares during the period. Hager Investment Management Services LLC purchased a new position in Ford Motor in the 4th quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in Ford Motor during the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor in the 4th quarter valued at about $30,000. Finally, Kentucky Trust Co bought a new position in Ford Motor in the 4th quarter worth about $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.