Ford Motor (NYSE:F) Trading 2.6% Higher – Still a Buy?

Ford Motor (NYSE:F)’s stock price rose 2.6% during mid-day trading on Monday . The company traded as high as $10.78 and last traded at $10.78. Approximately 19,690,749 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 53,781,563 shares. The stock had previously closed at $10.51.

Analysts Set New Price Targets

Several brokerages recently weighed in on F. Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Barclays lowered their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, Wells Fargo & Company cut their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.08.

Ford Motor Stock Down 0.4 %

The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The firm’s 50-day moving average price is $10.86 and its 200 day moving average price is $11.35. The firm has a market capitalization of $41.95 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 1.91 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its 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. 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 analysts’ expectations of $45.13 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.68%. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently bought and sold shares of the company. RFG Advisory LLC lifted its position in Ford Motor by 15.9% during the second quarter. RFG Advisory LLC now owns 30,923 shares of the auto manufacturer’s stock worth $388,000 after buying an additional 4,234 shares during the period. Wedmont Private Capital lifted its holdings in shares of Ford Motor by 13.8% during the 2nd quarter. Wedmont Private Capital now owns 19,479 shares of the auto manufacturer’s stock valued at $244,000 after acquiring an additional 2,355 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Ford Motor by 6.3% in the second quarter. V Square Quantitative Management LLC now owns 33,519 shares of the auto manufacturer’s stock valued at $420,000 after buying an additional 1,988 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its position in shares of Ford Motor by 80.3% during the second quarter. Blackston Financial Advisory Group LLC now owns 19,103 shares of the auto manufacturer’s stock worth $240,000 after purchasing an additional 8,508 shares in the last quarter. Finally, ERn Financial LLC lifted its holdings in Ford Motor by 2.3% in the 2nd quarter. ERn Financial LLC now owns 59,201 shares of the auto manufacturer’s stock worth $742,000 after buying an additional 1,326 shares in the last quarter. 58.74% of the stock is 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.