Ford Motor (NYSE:F) Sets New 1-Year High - What's Next?

Key Points

• Ford Motor Company shares reached a new 52-week high, trading at $12.34, with analysts divided on their outlook, rating it as either a Buy, Hold, or Sell.
• The company reported a net revenue of $50.18 billion in its latest earnings, exceeding expectations and showing a year-over-year increase of 5%.
• Ford has announced a quarterly dividend of $0.15 per share, yielding 4.9% annually, reflecting its commitment to returning capital to shareholders.

Ford Motor Company (NYSE:F - Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $12.31 and last traded at $12.34, with a volume of 193630 shares. The stock had previously closed at $12.27.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Dbs Bank lowered shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Royal Bank Of Canada lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Jefferies Financial Group boosted their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $10.57.

Ford Motor Stock Performance

The business's 50-day moving average price is $11.54 and its 200-day moving average price is $10.78. 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 stock has a market cap of $48.77 billion, a P/E ratio of 15.70, a P/E/G ratio of 3.44 and a beta of 1.53.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The company had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. Ford Motor's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. As a group, sell-side analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were paid a $0.15 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.9%. Ford Motor's payout ratio is presently 76.92%.

Institutional Trading of Ford Motor

Several hedge funds have recently bought and sold shares of F. Advisors Capital Management LLC boosted its position in shares of Ford Motor by 7.1% in the 2nd quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer's stock worth $146,000 after purchasing an additional 885 shares in the last quarter. Parcion Private Wealth LLC boosted its position in shares of Ford Motor by 7.9% in the 2nd quarter. Parcion Private Wealth LLC now owns 12,557 shares of the auto manufacturer's stock worth $136,000 after purchasing an additional 919 shares in the last quarter. StoneX Group Inc. boosted its position in shares of Ford Motor by 3.0% in the 2nd quarter. StoneX Group Inc. now owns 32,198 shares of the auto manufacturer's stock worth $349,000 after purchasing an additional 927 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Ford Motor by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer's stock worth $374,000 after purchasing an additional 934 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its position in shares of Ford Motor by 7.4% in the 2nd quarter. Convergence Investment Partners LLC now owns 13,707 shares of the auto manufacturer's stock worth $149,000 after purchasing an additional 941 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

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.

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