Ford Motor (NYSE:F) Trading Up 2.3% – Still a Buy?

Shares of Ford Motor (NYSE:F) rose 2.3% during mid-day trading on Tuesday . The company traded as high as $10.56 and last traded at $10.58. Approximately 26,291,494 shares traded hands during trading, a decline of 67% from the average daily volume of 79,196,202 shares. The stock had previously closed at $10.34.

Wall Street Analyst Weigh In

F has been the subject of a number of research reports. Evercore ISI reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $9.40 to $7.00 in a report on Wednesday, April 9th. UBS Group decreased their price objective on Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group increased their target price on shares of Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Finally, Barclays lifted their price target on Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.03.

Ford Motor Stock Performance

The firm has a 50 day moving average price of $10.02 and a 200-day moving average price of $9.98. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market cap of $42.09 billion, a P/E ratio of 7.25, a P/E/G ratio of 0.61 and a beta of 1.50.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The company had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. During the same period in the prior year, the business posted $0.49 EPS. Ford Motor’s revenue was down 6.2% on a year-over-year basis. On average, research analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.67%. Ford Motor’s dividend payout ratio (DPR) is presently 48.00%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tallon Kerry Patrick bought a new stake in shares of Ford Motor in the 4th quarter valued at about $116,000. Strategic Financial Concepts LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at $947,000. Golden State Wealth Management LLC bought a new position in Ford Motor during the fourth quarter worth $50,000. Empowered Funds LLC lifted its holdings in Ford Motor by 10.8% in the fourth quarter. Empowered Funds LLC now owns 104,375 shares of the auto manufacturer’s stock valued at $1,033,000 after buying an additional 10,148 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Ford Motor during the fourth quarter valued at $355,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.