Ford Motor (NYSE:F) Trading Up 1.6% – Should You Buy?

Ford Motor (NYSE:F) shares shot up 1.6% during mid-day trading on Monday . The stock traded as high as $10.19 and last traded at $10.04. 24,296,136 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 54,550,785 shares. The stock had previously closed at $9.88.

Analysts Set New Price Targets

F has been the topic of several analyst reports. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Wells Fargo & Company decreased their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Finally, Barclays decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.83.

Ford Motor Trading Up 0.7 %

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 company has a market cap of $39.54 billion, a PE ratio of 11.31, a PEG ratio of 1.90 and a beta of 1.64. The stock has a 50 day moving average price of $10.55 and a 200 day moving average price of $11.09.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. Sell-side analysts predict that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s dividend payout ratio is 68.18%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently modified their holdings of the stock. Bard Financial Services Inc. purchased a new stake in Ford Motor during the 4th quarter valued at about $122,000. Nordea Investment Management AB grew its holdings in shares of Ford Motor by 8.7% during the fourth quarter. Nordea Investment Management AB now owns 316,177 shares of the auto manufacturer’s stock valued at $3,146,000 after buying an additional 25,229 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of Ford Motor by 523.1% during the fourth quarter. Central Pacific Bank Trust Division now owns 21,471 shares of the auto manufacturer’s stock valued at $213,000 after acquiring an additional 18,025 shares in the last quarter. Everence Capital Management Inc. raised its holdings in Ford Motor by 47.0% in the 4th quarter. Everence Capital Management Inc. now owns 161,643 shares of the auto manufacturer’s stock worth $1,600,000 after acquiring an additional 51,700 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in Ford Motor in the 4th quarter valued at approximately $34,000. 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.