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Ford Motor Company (NYSE:F)’s share price reached a new 52-week high during mid-day trading on Thursday , American Banking reports. The stock traded as high as $18.08 and last traded at $17.85, with a volume of 29,413,622 shares changing hands. The stock had previously closed at $17.80.

A number of research firms have recently commented on F. Analysts at Goldman Sachs raised their price target on shares of Ford Motor Company from $18.00 to $21.00 in a research note on Monday. Separately, analysts at Barclays raised their price target on shares of Ford Motor Company from $19.00 to $20.00 in a research note on Monday. They now have an “equal weight” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Ford Motor Company in a research note on Tuesday, June 24th. They now have a $17.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ford Motor Company presently has an average rating of “Buy” and a consensus price target of $19.07.

The stock’s 50-day moving average is $16.96 and its 200-day moving average is $15.99. The company has a market cap of $70.307 billion and a P/E ratio of 11.08. Ford Motor Company also was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totalling 72,331,960 shares, a decline of 6.0% from the June 13th total of 76,943,545 shares. Based on an average trading volume of 25,970,049 shares, the short-interest ratio is presently 2.8 days. Currently, 1.9% of the shares of the stock are short sold.

Ford Motor Company (NYSE:F) last released its earnings data on Friday, April 25th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.06. The company had revenue of $35.60 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter last year, the company posted $0.41 earnings per share. Ford Motor Company’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Ford Motor Company will post $1.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 1st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Wednesday, July 30th.

Ford Motor Company (NYSE:F) is a producer of automobiles.

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