Ford Motor Company (NYSE:F – Get Free Report) shares shot up 5.2% during trading on Thursday . The company traded as high as $16.75 and last traded at $16.7050. 98,008,688 shares changed hands during mid-day trading, an increase of 57% from the average session volume of 62,538,938 shares. The stock had previously closed at $15.88.
Key Headlines Impacting Ford Motor
Here are the key news stories impacting Ford Motor this week:
- Positive Sentiment: Bank of America raised its price target on Ford to $20 from $17 and reiterated a buy rating, signaling further upside potential. Benzinga article
- Positive Sentiment: Ford has been identified as a top-ranked momentum stock, which can attract traders looking for recent winners and help extend the rally.
- Positive Sentiment: Investors are increasingly focused on Ford’s battery pivot and new subsidiary, viewing it as a possible multi-year growth driver beyond traditional vehicle sales. Benzinga article
- Positive Sentiment: Coverage comparing Ford with General Motors highlighted how legacy automakers are benefiting from AI-related and battery-storage opportunities, not just new-car sales. Barrons article
- Positive Sentiment: Ford has also been discussed on CNBC’s “Final Trades,” which can reinforce bullish sentiment and keep the stock on traders’ radar. Benzinga article
Analyst Ratings Changes
A number of brokerages have commented on F. Bank of America upped their price target on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen reduced their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Citigroup reduced their price target on Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. The Goldman Sachs Group reduced their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $13.77.
Ford Motor Price Performance
The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a 50-day moving average of $12.72 and a 200-day moving average of $13.13. The stock has a market cap of $69.70 billion, a PE ratio of -11.29, a PEG ratio of 0.37 and a beta of 1.65.
Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. Research analysts predict that Ford Motor Company will post 1.6 EPS for the current year.
Ford Motor Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 3.4%. Ford Motor’s dividend payout ratio is presently -38.71%.
Hedge Funds Weigh In On Ford Motor
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grove Bank & Trust boosted its stake in Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Ford Motor in the 4th quarter valued at approximately $25,000. McMillan Office Inc. bought a new stake in shares of Ford Motor in the 4th quarter valued at approximately $26,000. Olistico Wealth LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at approximately $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Ford Motor in the 4th quarter valued at approximately $29,000. 58.74% of the stock is owned by institutional investors.
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.
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