Ford Motor (NYSE:F) Shares Up 1.4% – Here’s Why

Ford Motor Company (NYSE:F) shot up 1.4% during trading on Friday . The company traded as high as $14.55 and last traded at $14.3450. Approximately 76,457,996 shares were traded during trading, an increase of 26% from the average session volume of 60,863,387 shares. The stock had previously closed at $14.15.

Ford Motor News Roundup

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford and Geely announced a Europe-focused joint venture at Ford’s Valencia plant, where the partners will build low- and zero-emission vehicles and jointly develop new models. The deal should improve plant utilization, support jobs, and help Ford expand its European lineup. Article Title
• Positive Sentiment: Ford also said Apple Maps will be embedded in upcoming EVs, with the software helping power next-generation BlueCruise hands-free driving features. That suggests Ford is adding higher-end tech to its next wave of lower-cost electric vehicles. Article Title

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays lifted their price objective on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Bank of America increased their target price on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Morgan Stanley restated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.79.

Ford Motor Trading Up 1.4%

The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The firm has a market cap of $57.16 billion, a price-to-earnings ratio of -9.25, a price-to-earnings-growth ratio of 0.35 and a beta of 1.82. The business’s fifty day moving average is $14.40 and its two-hundred day moving average is $13.43.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping 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 firm had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter in the previous year, the company posted $0.14 EPS. Ford Motor’s revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that Ford Motor Company will post 1.62 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Ford Motor’s payout ratio is presently -38.71%.

Hedge Funds Weigh In On Ford Motor

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Ford Motor by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after acquiring an additional 4,087,699 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Ford Motor by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after purchasing an additional 4,089,779 shares during the last quarter. Geode Capital Management LLC raised its holdings in Ford Motor by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after purchasing an additional 1,255,349 shares during the last quarter. Norges Bank acquired a new position in Ford Motor during the 4th quarter valued at about $674,437,000. Finally, Dimensional Fund Advisors LP lifted its position in Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after purchasing an additional 1,585,557 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

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.