Ford Motor (NYSE:F) Shares Up 1.5% After Analyst Upgrade

Ford Motor Company (NYSE:F) shot up 1.5% on Tuesday after Evercore ISI raised their price target on the stock from $10.00 to $12.00. Evercore ISI currently has an in-line rating on the stock. Ford Motor traded as high as $13.26 and last traded at $13.1580. 52,627,332 shares were traded during mid-day trading, a decline of 45% from the average session volume of 96,207,109 shares. The stock had previously closed at $12.96.

Several other analysts have also commented on F. Citigroup increased their target price on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, October 27th. Wells Fargo & Company increased their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. The Goldman Sachs Group lifted their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. JPMorgan Chase & Co. boosted their target price on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, November 17th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.88.

Institutional Trading of Ford Motor

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Ford Motor by 13.8% in the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after buying an additional 55,576,478 shares during the period. Norges Bank purchased a new position in shares of Ford Motor during the 2nd quarter valued at $405,328,000. DLD Asset Management LP acquired a new position in shares of Ford Motor in the third quarter worth $299,000,000. Marshall Wace LLP raised its holdings in shares of Ford Motor by 712.7% during the second quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock worth $212,361,000 after acquiring an additional 17,164,234 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Ford Motor by 17.9% during the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after purchasing an additional 15,748,694 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Up 1.5%

The business has a 50 day simple moving average of $12.47 and a 200 day simple moving average of $11.58. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The stock has a market cap of $52.43 billion, a PE ratio of 11.34, a P/E/G ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. On average, equities research analysts forecast that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.6%. Ford Motor’s dividend payout ratio is 51.72%.

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.