TLDR
- Ford’s stock price rose 1.8% on Monday, trading at $10.18 with reduced volume
- Analysts maintain mixed outlook with consensus “Hold” rating and $11.50 price target
- Ford beat quarterly earnings estimates ($0.39 vs $0.35 expected) in February
- Prudential Financial reduced its Ford position by 35% in Q4, now owning 7.4 million shares
- Ford currently offers a 5.86% dividend yield based on its $0.15 quarterly payment
Recent Price Movement
Ford Motor’s stock price increased by 1.8% on Monday. The shares reached as high as $10.20 before settling at $10.18.
Trading volume was lower than normal. About 20 million shares changed hands, a 68% decline from the average daily volume.
The price continued upward on Tuesday. Ford shares opened at $10.25, maintaining momentum from Monday.
Ford reported quarterly earnings on February 5th. The automaker posted earnings of $0.39 per share.
This exceeded analyst expectations of $0.35 per share. Ford maintained a net margin of 3.18%.
Analysts expect Ford to earn $1.47 per share for the current fiscal year.
Ford provides substantial returns through dividends. Shareholders received $0.15 per share on March 3rd.
On an annualized basis, Ford’s dividend amounts to $0.60 per share. This represents a yield of approximately 5.86% at current price levels.
The company’s dividend payout ratio currently stands at 41.10%.
Analyst Perspectives
Wall Street remains divided on Ford’s outlook. The current consensus maintains a “Hold” rating.
The average price target stands at $11.50 per share. This represents potential upside from current levels.
JPMorgan Chase lowered its price target to $13.00 while maintaining an “overweight” rating.
Wells Fargo reduced its target to $8.00 with an “underweight” rating. Jefferies downgraded Ford to “underperform” with a $9.00 target.
Bank of America reduced its target to $15.50 while maintaining a “buy” rating.
Major investors have adjusted their Ford positions. Prudential Financial reduced its stake by 35% in the fourth quarter.
After selling nearly 4 million shares, Prudential still owns 7.4 million Ford shares valued at $73.4 million.
Vanguard Group increased its position by 16.6%, adding over 57 million shares. Charles Schwab grew its stake by 5.3%.
Technical Indicators
Ford shares have a 50-day simple moving average of $9.73. The 200-day average stands at $10.29.
Ford has a 52-week trading range between $9.06 and $14.85. The company’s market capitalization is approximately $40.5 billion.
Ford trades at a price-to-earnings ratio of around 7. The price-to-earnings-growth ratio stands at 0.61.
The company maintains a debt-to-equity ratio of 2.31. Ford’s current ratio is 1.16, while its quick ratio is 1.02.
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