Ford Motor (NYSE:F) Trading Up 1.9% – Here’s Why

Ford Motor (NYSE:F)’s share price was up 1.9% during mid-day trading on Monday . The stock traded as high as $10.34 and last traded at $10.32. Approximately 21,010,585 shares changed hands during trading, a decline of 64% from the average daily volume of 58,644,699 shares. The stock had previously closed at $10.12.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on F shares. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.82.

Ford Motor Stock Performance

The company has a market capitalization of $40.54 billion, a PE ratio of 11.59, a PEG ratio of 1.93 and a beta of 1.64. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The business has a 50 day simple moving average of $10.25 and a 200 day simple moving average of $10.76.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Ford Motor will post 1.77 EPS for the current fiscal year.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after purchasing an additional 336,720 shares in the last quarter. Principal Financial Group Inc. raised its stake in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after purchasing an additional 160,409 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Ford Motor in the 3rd quarter valued at $55,456,000. CHURCHILL MANAGEMENT Corp acquired a new stake in Ford Motor during the 4th quarter worth $10,853,000. Finally, ING Groep NV grew its holdings in shares of Ford Motor by 93.4% during the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after buying an additional 570,293 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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.