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

Ford Motor (NYSE:F) shares traded up 0.1% 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 mid-day 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 analysts also recently commented on the company. BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Evercore ISI cut their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. TD Cowen initiated coverage on Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective for the company. Bank of America dropped their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Keynote Financial Services LLC raised its position in shares of Ford Motor by 6.2% in the first quarter. Keynote Financial Services LLC now owns 67,234 shares of the auto manufacturer’s stock valued at $674,000 after purchasing an additional 3,904 shares during the period. 1834 Investment Advisors Co. lifted its position in Ford Motor by 28.4% during the first quarter. 1834 Investment Advisors Co. now owns 365,523 shares of the auto manufacturer’s stock worth $3,666,000 after acquiring an additional 80,746 shares during the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Ford Motor during the first quarter worth approximately $180,000. Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after purchasing an additional 10,947,527 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. bought a new position in shares of Ford Motor during the first quarter worth approximately $3,422,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

The company has a fifty day moving average of $9.81 and a two-hundred day moving average of $10.06. The firm has a market capitalization of $41.42 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.61 and a beta of 1.53. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last posted its 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. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The company had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.74%. Ford Motor’s payout ratio is presently 48.00%.

Ford Motor Company Profile

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.