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

Ford Motor (NYSE:F) rose 2.6% during mid-day trading on Monday . The company traded as high as $9.95 and last traded at $9.98. Approximately 43,164,710 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 64,760,763 shares. The stock had previously closed at $9.72.

Wall Street Analysts Forecast Growth

F has been the topic of several recent research reports. Piper Sandler lowered their target price on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Royal Bank of Canada cut their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Down 1.1 %

The firm has a 50-day simple moving average of $9.74 and a 200 day simple moving average of $10.27. The stock has a market capitalization of $39.30 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last posted its earnings results 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%. On average, equities research analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.05%. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Institutional Trading of Ford Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after acquiring an additional 57,182,803 shares in the last quarter. Norges Bank bought a new stake in Ford Motor in the fourth quarter worth approximately $387,282,000. Jacobs Levy Equity Management Inc. lifted its stake in Ford Motor by 88.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock valued at $222,872,000 after buying an additional 10,535,335 shares during the period. Voloridge Investment Management LLC boosted its holdings in shares of Ford Motor by 2,905.1% during the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock worth $79,096,000 after buying an additional 7,723,601 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after buying an additional 6,497,321 shares during the period. 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.