Ford Motor (NYSE:F) Stock Price Up 2.6% – Here’s Why

Shares of Ford Motor Company (NYSE:F) rose 2.6% during trading on Tuesday . The company traded as high as $15.55 and last traded at $15.32. Approximately 88,156,816 shares changed hands during trading, an increase of 42% from the average daily volume of 61,888,973 shares. The stock had previously closed at $14.93.

Analyst Ratings Changes

F has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Friday, March 27th. Bank of America started coverage on shares of Ford Motor in a research note on Wednesday, March 4th. They set a “buy” rating and a $17.00 price target for the company. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, UBS Group lowered their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.56.

Ford Motor Stock Performance

The company has a market capitalization of $61.05 billion, a PE ratio of -9.88, a PEG ratio of 0.33 and a beta of 1.65. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The firm’s 50-day simple moving average is $12.35 and its 200-day simple moving average is $13.04.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the previous year, the business posted $0.14 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts predict that Ford Motor Company will post 1.6 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 3.9%. Ford Motor’s payout ratio is currently -38.71%.

Institutional Investors Weigh In On Ford Motor

Several large investors have recently modified their holdings of the business. Summit Financial Wealth Advisors LLC raised its holdings in shares of Ford Motor by 7.4% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 11,727 shares of the auto manufacturer’s stock valued at $135,000 after purchasing an additional 806 shares in the last quarter. Axiom Investment Management LLC bought a new stake in shares of Ford Motor in the 1st quarter valued at about $157,000. Summitry LLC raised its stake in shares of Ford Motor by 84.1% during the 1st quarter. Summitry LLC now owns 25,977 shares of the auto manufacturer’s stock worth $300,000 after acquiring an additional 11,867 shares in the last quarter. WNY Asset Management LLC bought a new position in shares of Ford Motor during the 1st quarter worth approximately $417,000. Finally, Vestor Capital LLC raised its stake in shares of Ford Motor by 78.4% during the 1st quarter. Vestor Capital LLC now owns 3,648 shares of the auto manufacturer’s stock worth $42,000 after acquiring an additional 1,603 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.