Ford Motor (NYSE:F) Stock Price Up 2.9% on Analyst Upgrade

Ford Motor (NYSE:F - Get Free Report) shot up 2.9% on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $11.00 to $12.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as high as $10.29 and last traded at $10.31. 35,294,086 shares traded hands during trading, a decline of 52% from the average session volume of 73,011,360 shares. The stock had previously closed at $10.01.

Several other equities research analysts also recently issued reports on the stock. Citigroup initiated coverage on shares of Ford Motor in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $10.00 price objective for the company. Piper Sandler lowered their target price on Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Evercore ISI cut their price target on Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. TD Cowen initiated coverage on Ford Motor in a report on Friday, March 7th. They set a "hold" rating and a $10.00 price objective for the company. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $9.00 price target (down previously from $11.00) on shares of Ford Motor in a research report on Thursday, April 10th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $9.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in F. Franklin Resources Inc. boosted its position in Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock worth $15,998,000 after purchasing an additional 336,720 shares during the period. NCP Inc. grew its stake in Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock valued at $738,000 after buying an additional 28,528 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock valued at $46,408,000 after acquiring an additional 160,409 shares during the period. Alberta Investment Management Corp lifted its position in Ford Motor by 87.1% during the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer's stock worth $1,941,000 after acquiring an additional 91,300 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of Ford Motor during the fourth quarter worth approximately $10,853,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Up 1.0 %

The company has a market cap of $40.74 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.61 and a beta of 1.41. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The firm has a 50-day moving average price of $9.72 and a 200 day moving average price of $10.08.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Sell-side analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.84%. The ex-dividend date is Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is 41.10%.

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.