Ford Motor (NYSE:F) Shares Up 1.2% on Analyst Upgrade

Shares of Ford Motor (NYSE:F) traded up 1.2% during trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $11.00 to $12.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as high as $10.39 and last traded at $10.31. 26,069,325 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 112,097,750 shares. The stock had previously closed at $10.18.

Several other analysts have also issued reports on the company. Royal Bank of Canada reduced their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. StockNews.com cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. UBS Group decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Finally, Wells Fargo & Company reduced their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.83.

Hedge Funds Weigh In On Ford Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Grove Bank & Trust lifted its holdings in Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,882 shares during the period. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the fourth quarter worth about $26,000. Elite Financial Inc. acquired a new position in shares of Ford Motor in the first quarter worth approximately $27,000. Olde Wealth Management LLC bought a new stake in Ford Motor in the first quarter valued at approximately $28,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Ford Motor during the 4th quarter valued at approximately $29,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The business’s 50-day simple moving average is $9.72 and its two-hundred day simple moving average is $10.09. The firm has a market cap of $40.74 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.84%. Ford Motor’s payout ratio is currently 41.10%.

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.