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

Key Points

• Ford Motor's stock price increased by 4.8% after JPMorgan Chase & Co. raised its price target from $13.00 to $14.00, maintaining an overweight rating on the stock.
• Other analysts also issued mixed ratings, with a consensus rating of "Hold" and an average target price of $11.11.
• The company recently declared a quarterly dividend of $0.15, translating to an annualized yield of 4.8%.

Ford Motor Company (NYSE:F - Get Free Report)'s share price rose 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.

Several other equities analysts have also commented on the company. Wells Fargo & Company increased their target price on Ford Motor from $8.00 to $10.00 and gave the company an "underweight" rating in a report on Friday, October 3rd. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Jefferies Financial Group raised Ford Motor from an "underperform" rating to a "hold" rating and raised their price objective for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Dbs Bank lowered Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Finally, Piper Sandler increased their target price on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.11.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently added to or reduced their stakes in the business. Commonwealth Financial Services LLC purchased a new stake in Ford Motor in the 3rd quarter valued at approximately $129,000. Townsend & Associates Inc lifted its position in shares of Ford Motor by 6.0% during the 3rd quarter. Townsend & Associates Inc now owns 19,357 shares of the auto manufacturer's stock valued at $231,000 after acquiring an additional 1,103 shares during the period. GAM Holding AG acquired a new stake in shares of Ford Motor during the 3rd quarter valued at approximately $405,000. Brookwood Investment Group LLC lifted its position in shares of Ford Motor by 23.3% during the 3rd quarter. Brookwood Investment Group LLC now owns 17,722 shares of the auto manufacturer's stock valued at $212,000 after acquiring an additional 3,353 shares during the period. Finally, Silver Oak Securities Incorporated lifted its position in shares of Ford Motor by 25.1% during the 3rd quarter. Silver Oak Securities Incorporated now owns 54,763 shares of the auto manufacturer's stock valued at $655,000 after acquiring an additional 10,988 shares during the period. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Stock Performance

The stock's 50-day moving average price is $11.74 and its 200-day moving average price is $10.97. 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 market capitalization of $50.03 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 3.47 and a beta of 1.53.

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

Ford Motor Dividend Announcement

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

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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