Ford Motor (NYSE:F) Trading Up 0.2% – Still a Buy?

Shares of Ford Motor (NYSE:F) traded up 0.2% on Wednesday . The stock traded as high as $10.43 and last traded at $10.43. 13,131,628 shares changed hands during trading, a decline of 75% from the average session volume of 53,526,168 shares. The stock had previously closed at $10.41.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. 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 note on Tuesday, October 1st. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a report on Tuesday. Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Finally, Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.41.

Ford Motor Price Performance

The stock has a market capitalization of $40.83 billion, a PE ratio of 11.80, a PEG ratio of 1.90 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34. The business has a fifty day moving average price of $10.82 and a 200-day moving average price of $11.63.

Ford Motor (NYSE:F) last issued 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 business 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 quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. Research analysts expect that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.84%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 68.18%.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently bought and sold shares of the stock. Holistic Planning LLC purchased a new stake in Ford Motor in the 3rd quarter worth approximately $147,000. CWA Asset Management Group LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at about $224,000. Hollencrest Capital Management grew its position in Ford Motor by 4.6% during the third quarter. Hollencrest Capital Management now owns 56,960 shares of the auto manufacturer’s stock valued at $601,000 after buying an additional 2,500 shares during the period. Portside Wealth Group LLC increased its holdings in Ford Motor by 19.8% during the third quarter. Portside Wealth Group LLC now owns 13,161 shares of the auto manufacturer’s stock valued at $139,000 after buying an additional 2,172 shares during the last quarter. Finally, Keynote Financial Services LLC raised its position in Ford Motor by 4.1% in the third quarter. Keynote Financial Services LLC now owns 65,505 shares of the auto manufacturer’s stock worth $692,000 after acquiring an additional 2,579 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

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.