Ford Motor (NYSE:F) Trading Up 0.4% – Still a Buy?

Ford Motor (NYSE:F) shares shot up 0.4% during trading on Thursday . The company traded as high as $9.95 and last traded at $9.73. 17,977,241 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 54,028,551 shares. The stock had previously closed at $9.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on F shares. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research note on Thursday, November 7th. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a research report on Monday. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Four investment 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, Ford Motor has a consensus rating of “Hold” and a consensus price target of $11.83.

Ford Motor Trading Up 0.8 %

The company has a market capitalization of $38.83 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.90 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The business’s 50 day moving average price is $10.81 and its two-hundred day moving average price is $11.27.

Ford Motor (NYSE:F) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company 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 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after purchasing an additional 160,409 shares during the last quarter. Birmingham Capital Management Co. Inc. AL raised its stake in Ford Motor by 21.4% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 14,200 shares of the auto manufacturer’s stock worth $150,000 after buying an additional 2,500 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after buying an additional 336,720 shares during the period. Tidal Investments LLC boosted its position in Ford Motor by 79.4% during the third quarter. Tidal Investments LLC now owns 302,940 shares of the auto manufacturer’s stock valued at $3,199,000 after acquiring an additional 134,042 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Ford Motor during the third quarter valued at $192,000. Institutional investors and hedge funds 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.