Ford Motor (NYSE:F) Shares Up 3.2% – Still a Buy?

Shares of Ford Motor (NYSE:F) traded up 3.2% during trading on Monday . The stock traded as high as $10.57 and last traded at $10.55. 18,227,879 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 53,568,152 shares. The stock had previously closed at $10.22.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Wolfe Research initiated coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.41.

Ford Motor Stock Performance

The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.15. The firm’s 50 day moving average is $10.80 and its 200-day moving average is $11.61. The firm has a market cap of $41.18 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.87 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, topping the consensus estimate 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 the consensus estimate of $45.13 billion. During the same quarter last year, the firm posted $0.39 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.79%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently modified their holdings of the stock. Olistico Wealth LLC bought a new stake in shares of Ford Motor during the second quarter worth approximately $25,000. Family Firm Inc. bought a new stake in Ford Motor in the second quarter valued at approximately $26,000. Quarry LP bought a new stake in Ford Motor in the second quarter valued at approximately $27,000. Ridgewood Investments LLC bought a new stake in shares of Ford Motor during the second quarter worth $28,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Ford Motor during the second quarter worth $30,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.