Ford Motor (NYSE:F) Trading Up 1.1% – Time to Buy?

Ford Motor Company (NYSE:F) shares shot up 1.1% during trading on Friday . The company traded as high as $13.48 and last traded at $13.4650. 60,664,123 shares changed hands during trading, a decline of 35% from the average session volume of 93,111,797 shares. The stock had previously closed at $13.32.

Analysts Set New Price Targets

Several research firms recently commented on F. Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a research report on Monday. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. UBS Group boosted their target price on shares of Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Wells Fargo & Company raised their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Friday, October 24th. Finally, Citigroup lifted their price target on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.04.

Ford Motor Stock Performance

The company has a market capitalization of $53.65 billion, a price-to-earnings ratio of 11.61 and a beta of 1.60. The company’s fifty day simple moving average is $12.93 and its two-hundred day simple moving average is $11.89. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. During the same period in the previous year, the business earned $0.49 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, November 7th. Ford Motor’s dividend payout ratio is 51.72%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC lifted its holdings in Ford Motor by 16.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after acquiring an additional 776 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of Ford Motor by 1.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock worth $767,000 after purchasing an additional 824 shares during the period. Silverlake Wealth Management LLC lifted its holdings in shares of Ford Motor by 1.7% in the 3rd quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock worth $575,000 after purchasing an additional 827 shares during the last quarter. L2 Asset Management LLC lifted its holdings in shares of Ford Motor by 4.7% in the 3rd quarter. L2 Asset Management LLC now owns 18,317 shares of the auto manufacturer’s stock worth $219,000 after purchasing an additional 827 shares during the last quarter. Finally, Searle & CO. boosted its position in Ford Motor by 2.1% during the 3rd quarter. Searle & CO. now owns 40,833 shares of the auto manufacturer’s stock valued at $488,000 after purchasing an additional 833 shares during the period. Institutional investors 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.