Ford Motor (NYSE:F) Trading Up 2% Following Analyst Upgrade

Ford Motor Company (NYSE:F - Get Free Report) shot up 2% during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $12.00 to $13.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as high as $11.45 and last traded at $11.39. 24,028,275 shares traded hands during trading, a decline of 71% from the average session volume of 83,331,230 shares. The stock had previously closed at $11.16.

Other research analysts have also recently issued research reports about the company. UBS Group lifted their target price on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and cut their target price for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. The Goldman Sachs Group lifted their target price on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Piper Sandler boosted their price objective on Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.37.

Insider Activity

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider directly owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Ford Motor

Several hedge funds have recently made changes to their positions in F. 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 purchasing an additional 1,882 shares in the last quarter. Elite Financial Inc. purchased a new stake in shares of Ford Motor in the 1st quarter valued at about $27,000. Olde Wealth Management LLC purchased a new stake in shares of Ford Motor in the 1st quarter valued at about $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Ford Motor in the 1st quarter valued at about $30,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Ford Motor in the 4th quarter valued at about $31,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Trading Down 0.9%

The firm has a fifty day simple moving average of $10.84 and a two-hundred day simple moving average of $10.15. The stock has a market cap of $44.84 billion, a PE ratio of 9.01, a PEG ratio of 3.28 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The firm had revenue of $40.66 billion for the quarter, compared to analysts' expectations of $35.99 billion. During the same quarter last year, the firm posted $0.49 EPS. The company's revenue was down 6.2% compared to the same quarter last year. As a group, equities analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.32%. Ford Motor's payout ratio is currently 48.00%.

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.