Ford Motor (NYSE:F) Trading Up 0.2% – Should You Buy?

Ford Motor (NYSE:F) traded up 0.2% during trading on Friday . The company traded as high as $10.20 and last traded at $10.09. 14,377,575 shares were traded during mid-day trading, a decline of 73% from the average session volume of 54,080,617 shares. The stock had previously closed at $10.07.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on F shares. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.83.

Ford Motor Price Performance

The company’s 50-day simple moving average is $10.70 and its 200-day simple moving average is $11.19. The stock has a market capitalization of $39.82 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.90 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.99%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in Ford Motor by 4.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,123,024 shares of the auto manufacturer’s stock worth $14,083,000 after acquiring an additional 47,816 shares during the period. Burney Co. increased its holdings in Ford Motor by 46.2% in the second quarter. Burney Co. now owns 43,124 shares of the auto manufacturer’s stock worth $541,000 after purchasing an additional 13,628 shares in the last quarter. F M Investments LLC acquired a new position in Ford Motor in the second quarter valued at approximately $1,419,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Ford Motor by 2.0% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 398,166 shares of the auto manufacturer’s stock worth $4,993,000 after buying an additional 7,786 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Ford Motor during the 2nd quarter worth approximately $4,966,000. 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.