Ford Motor (NYSE:F) Stock Jumps 1% - Here's What Happened

Key Points

• Ford shares rose 1% to approximately $12.28 in midday trading, though volume was 38% below the average daily level.
• Analyst views remain mixed: Piper Sandler and Jefferies raised their price targets and maintained positive ratings, while Goldman Sachs cut its target to $14 with a neutral rating. Overall, Ford has a consensus “Hold” rating and an average target price of $15.55.
• Ford beat quarterly expectations with $0.42 EPS versus the $0.33 estimate and $48.30 billion in revenue, while maintaining a quarterly dividend of $0.15 per share, equivalent to a 4.9% annualized yield.

Ford Motor Company (NYSE:F - Get Free Report)'s share price traded up 1% during mid-day trading on Tuesday. The company traded as high as $12.31 and last traded at $12.2750. Approximately 35,485,852 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 57,191,438 shares. The stock had previously closed at $12.15.

Wall Street Analyst Weigh In

Several research analysts recently commented on F shares. Piper Sandler boosted their target price on Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. The Goldman Sachs Group reduced their price target on Ford Motor from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday. TD Cowen lifted their price objective on Ford Motor from $13.00 to $15.00 and gave the company a "hold" rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Ford Motor in a research report on Monday, September 21st. Finally, Jefferies Financial Group upgraded shares of Ford Motor from a "hold" rating to a "buy" rating and upped their target price for the stock from $14.50 to $17.50 in a research note on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $15.55.

Ford Motor Trading Up 1.0%

The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The firm has a market cap of $48.95 billion, a PE ratio of -6.56, a P/E/G ratio of 0.25 and a beta of 1.93. The business has a fifty day moving average price of $13.74 and a 200 day moving average price of $13.54.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the company posted $0.37 earnings per share. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. Analysts forecast that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. Ford Motor's dividend payout ratio is presently -32.09%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently bought and sold shares of F. MV Capital Management Inc. acquired a new stake in shares of Ford Motor during the fourth quarter worth about $25,000. Legacy Wealth Managment LLC ID boosted its position in shares of Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 1,230 shares during the period. Caldwell Trust Co grew its stake in Ford Motor by 605.8% during the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer's stock worth $29,000 after buying an additional 2,175 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in Ford Motor by 343.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 2,633 shares of the auto manufacturer's stock worth $30,000 after buying an additional 2,039 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in Ford Motor during the second quarter worth approximately $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world's oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.