Ford Motor (NYSE:F) Shares Up 1% – Time to Buy?

Ford Motor (NYSE:F)’s stock price traded up 1% on Wednesday . The stock traded as high as $9.61 and last traded at $9.55. 29,089,345 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 111,221,094 shares. The stock had previously closed at $9.45.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Piper Sandler decreased their price target on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Evercore ISI decreased their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Finally, UBS Group lowered their target price on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.30.

Ford Motor Stock Down 1.2 %

The business has a 50 day moving average of $9.58 and a two-hundred day moving average of $10.15. 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 stock has a market capitalization of $37.02 billion, a PE ratio of 6.40, a PEG ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. 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, March 3rd. Investors of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is currently 41.10%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its position in Ford Motor by 29.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after acquiring an additional 336,720 shares during the period. NCP Inc. lifted its stake in shares of Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after purchasing an additional 28,528 shares during the period. Principal Financial Group Inc. grew its stake in shares of Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after buying an additional 160,409 shares in the last quarter. Alberta Investment Management Corp lifted its stake in Ford Motor by 87.1% during the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after acquiring an additional 91,300 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in Ford Motor during the 4th quarter valued at about $10,853,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

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.