Ford Motor (NYSE:F) Stock Jumps 2.6% - What's Next?

Key Points

• Ford shares rose 2.6% to $12.57, though the stock remains below its 50-day and 200-day moving averages of $12.90 and $13.37, respectively.
• Analyst sentiment is mixed: Citigroup and Jefferies upgraded Ford to “buy,” while Goldman Sachs and BNP Paribas Exane cut price targets. The overall consensus remains “Hold,” with an average target price of $15.02.
• Ford beat quarterly expectations with adjusted EPS of $0.49 versus $0.41 expected and revenue of $49.53 billion, while announcing a $0.15 quarterly dividend representing a 4.8% yield.

Ford Motor Company (NYSE:F - Get Free Report) was up 2.6% on Monday. The company traded as high as $12.65 and last traded at $12.57. 52,128,887 shares traded hands during trading, a decline of 7% from the average session volume of 55,833,152 shares. The stock had previously closed at $12.25.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on F. The Goldman Sachs Group cut their price target on Ford Motor from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday. Citigroup raised shares of Ford Motor from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded shares of Ford Motor from a "hold" rating to a "buy" rating and increased their target price for the stock from $14.50 to $17.50 in a report on Monday, July 27th. BNP Paribas Exane dropped their target price on shares of Ford Motor from $13.50 to $13.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Zacks Research downgraded shares of Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $15.02.

Ford Motor Price Performance

The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 2.97. The firm has a market cap of $50.12 billion, a P/E ratio of -6.38, a PEG ratio of 0.23 and a beta of 1.88. The firm has a 50-day simple moving average of $12.90 and a 200-day simple moving average of $13.37.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.08. The business had revenue of $49.53 billion for the quarter, compared to analysts' expectations of $49.08 billion. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.89%. The company's revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. As a group, analysts forecast that Ford Motor Company will post 1.90 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, November 10th. Ford Motor's dividend payout ratio is currently -30.46%.

Institutional Trading of Ford Motor

A number of institutional investors have recently made changes to their positions in the business. Ninety One UK Ltd acquired a new position in Ford Motor during the 3rd quarter valued at about $25,000. Manning & Napier Advisors LLC acquired a new stake in Ford Motor in the second quarter worth about $31,000. Legacy Wealth Managment LLC ID boosted its holdings in Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 1,230 shares in the last quarter. Cedar Mountain Advisors LLC boosted its holdings in Ford Motor by 58.1% in the first quarter. Cedar Mountain Advisors LLC now owns 2,940 shares of the auto manufacturer's stock worth $34,000 after acquiring an additional 1,080 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Ford Motor during the third quarter worth about $36,000. Institutional investors and hedge funds own 58.74% of the company's stock.

About Ford Motor

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.

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