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

Ford Motor (NYSE:F)’s share price traded up 2.3% during trading on Tuesday . The company traded as high as $10.39 and last traded at $10.42. 17,068,896 shares traded hands during trading, a decline of 71% from the average session volume of 58,710,691 shares. The stock had previously closed at $10.18.

Analysts Set New Price Targets

A number of brokerages recently commented on F. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, November 7th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.67.

Ford Motor Price Performance

The firm has a fifty day moving average price of $10.33 and a two-hundred day moving average price of $10.87. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $40.36 billion, a P/E ratio of 11.54, a P/E/G ratio of 2.01 and a beta of 1.64.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, analysts expect that Ford Motor will post 1.77 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, 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 5.91%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in F. Ensign Peak Advisors Inc raised its holdings in Ford Motor by 40.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 589,197 shares of the auto manufacturer’s stock worth $7,389,000 after purchasing an additional 169,725 shares during the period. ProShare Advisors LLC increased its position in Ford Motor by 7.4% in the second quarter. ProShare Advisors LLC now owns 600,449 shares of the auto manufacturer’s stock worth $7,530,000 after buying an additional 41,229 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of Ford Motor by 154.2% in the second quarter. 1832 Asset Management L.P. now owns 6,384 shares of the auto manufacturer’s stock worth $80,000 after buying an additional 3,873 shares during the period. DRW Securities LLC purchased a new position in shares of Ford Motor during the 2nd quarter valued at about $161,000. Finally, Public Sector Pension Investment Board grew its stake in shares of Ford Motor by 76.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 153,112 shares of the auto manufacturer’s stock valued at $1,920,000 after acquiring an additional 66,123 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

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.