Ford Motor (NYSE:F) Trading Up 4.8% Following Analyst Upgrade

Ford Motor Company (NYSE:F) was up 4.8% during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $13.00 to $14.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as high as $12.63 and last traded at $12.57. Approximately 296,859,632 shares traded hands during trading, an increase of 217% from the average daily volume of 93,633,516 shares. The stock had previously closed at $11.99.

Other equities research analysts have also issued reports about the company. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and lifted their price target for the company from $9.00 to $12.00 in a report on Monday, October 6th. Barclays lifted their price target on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Wells Fargo & Company lifted their price target on Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ford Motor in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC raised its stake in shares of Ford Motor by 7.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 47,436 shares of the auto manufacturer’s stock valued at $567,000 after acquiring an additional 3,335 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Ford Motor by 10.3% in the 3rd quarter. Global Retirement Partners LLC now owns 65,567 shares of the auto manufacturer’s stock valued at $784,000 after acquiring an additional 6,098 shares in the last quarter. Commonwealth Financial Services LLC bought a new position in Ford Motor in the 3rd quarter worth approximately $129,000. Townsend & Associates Inc increased its position in Ford Motor by 6.0% in the 3rd quarter. Townsend & Associates Inc now owns 19,357 shares of the auto manufacturer’s stock worth $231,000 after buying an additional 1,103 shares during the period. Finally, GAM Holding AG bought a new position in Ford Motor in the 3rd quarter worth approximately $405,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Trading Up 4.8%

The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The company has a 50-day simple moving average of $11.77 and a 200 day simple moving average of $10.98. The company has a market capitalization of $50.03 billion, a P/E ratio of 16.12, a P/E/G ratio of 3.49 and a beta of 1.53.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The company had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. Sell-side analysts expect that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s payout ratio is currently 76.92%.

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.