Ford Motor (NYSE:F) Trading 0.1% Higher on Analyst Upgrade

Ford Motor (NYSE:F)’s stock price shot up 0.1% during mid-day trading on Thursday after Citigroup raised their price target on the stock from $10.00 to $11.00. Citigroup currently has a neutral rating on the stock. Ford Motor traded as high as $10.46 and last traded at $10.29. 27,118,253 shares changed hands during trading, a decline of 64% from the average session volume of 74,342,651 shares. The stock had previously closed at $10.28.

Several other research analysts have also commented on the stock. Wolfe Research upgraded shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. UBS Group lowered their target price on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company decreased their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Finally, Evercore ISI decreased their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Investors Weigh In On Ford Motor

Several large investors have recently made changes to their positions in the company. Grove Bank & Trust increased its position in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares in the last quarter. Hager Investment Management Services LLC bought a new position in Ford Motor in the 4th quarter valued at $26,000. Elite Financial Inc. acquired a new stake in shares of Ford Motor in the 1st quarter valued at $27,000. Olde Wealth Management LLC acquired a new position in shares of Ford Motor during the first quarter valued at $28,000. Finally, Bank of Jackson Hole Trust bought a new position in Ford Motor in the fourth quarter valued at about $29,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

The stock has a market capitalization of $41.42 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The stock has a 50-day moving average of $9.81 and a 200 day moving average of $10.06.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Ford Motor’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.74%. Ford Motor’s payout ratio is currently 48.00%.

About Ford Motor

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.