Ford Motor (NYSE:F - Get Free Report)'s share price was up 1.5% during mid-day trading on Tuesday . The company traded as high as $12.64 and last traded at $12.51. Approximately 15,483,618 shares changed hands during trading, a decline of 71% from the average daily volume of 53,110,785 shares. The stock had previously closed at $12.33.
Analysts Set New Price Targets
F has been the topic of several research reports. Piper Sandler began coverage on shares of Ford Motor in a report on Friday, March 15th. They set a "neutral" rating and a $13.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 25th. Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a "sell" rating and a $10.00 target price for the company. Citigroup upped their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, May 2nd. Finally, Morgan Stanley boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $13.74.
Check Out Our Latest Stock Report on F
Ford Motor Stock Up 0.9 %
The company's 50 day moving average price is $12.63 and its two-hundred day moving average price is $11.83. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The stock has a market cap of $49.66 billion, a P/E ratio of 12.82, a PEG ratio of 0.81 and a beta of 1.61.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business had revenue of $42.78 billion for the quarter, compared to analysts' expectations of $42.93 billion. During the same quarter last year, the company posted $0.63 EPS. The company's revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Ford Motor will post 1.94 earnings per share for the current year.
Ford Motor Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.82%. Ford Motor's payout ratio is currently 61.86%.
Insider Activity
In other news, CAO Mark Kosman sold 26,898 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares of the company's stock, valued at $88,988.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company's stock.
Hedge Funds Weigh In On Ford Motor
Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. increased its position in Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,839 shares during the last quarter. Fortis Group Advisors LLC lifted its position in Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer's stock worth $26,000 after buying an additional 1,086 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in Ford Motor during the third quarter worth $27,000. Voisard Asset Management Group Inc. bought a new position in Ford Motor during the fourth quarter valued at $27,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its holdings in shares of Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 1,938 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.
About Ford Motor
(
Get Free Report)
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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