Ford Motor (NYSE:F) Stock Price Up 3.4% – Time to Buy?

Ford Motor Company (NYSE:F)’s share price traded up 3.4% during trading on Thursday . The company traded as high as $13.80 and last traded at $13.6650. 72,347,767 shares changed hands during trading, an increase of 18% from the average session volume of 61,123,551 shares. The stock had previously closed at $13.22.

Wall Street Analyst Weigh In

F has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. TD Cowen lowered their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, May 1st. The Goldman Sachs Group dropped their target price on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.56.

Ford Motor Price Performance

The firm has a market cap of $59.47 billion, a PE ratio of -9.63, a price-to-earnings-growth ratio of 0.30 and a beta of 1.65. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The company has a 50 day moving average price of $12.29 and a 200 day moving average price of $13.03.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.Ford Motor’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. On average, sell-side analysts expect that Ford Motor Company will post 1.6 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.0%. Ford Motor’s payout ratio is currently -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 business. Summitry LLC raised its position in shares of Ford Motor by 84.1% during the 1st quarter. Summitry LLC now owns 25,977 shares of the auto manufacturer’s stock worth $300,000 after purchasing an additional 11,867 shares during the last quarter. WNY Asset Management LLC purchased a new position in Ford Motor during the first quarter worth $417,000. Vestor Capital LLC increased its position in Ford Motor by 78.4% during the first quarter. Vestor Capital LLC now owns 3,648 shares of the auto manufacturer’s stock worth $42,000 after buying an additional 1,603 shares in the last quarter. Western Wealth Management LLC raised its holdings in shares of Ford Motor by 56.5% in the first quarter. Western Wealth Management LLC now owns 50,015 shares of the auto manufacturer’s stock worth $577,000 after acquiring an additional 18,058 shares during the last quarter. Finally, Orographic Financial Advisors LLC purchased a new stake in shares of Ford Motor in the first quarter valued at $379,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

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.