Ford Motor (NYSE:F) Shares Up 2% – Should You Buy?

Ford Motor Company (NYSE:F)’s stock price shot up 2% during mid-day trading on Thursday . The company traded as high as $13.83 and last traded at $13.6160. 43,862,231 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 57,794,434 shares. The stock had previously closed at $13.35.

Wall Street Analysts Forecast Growth

F has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. BNP Paribas Exane boosted their price target on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Piper Sandler upped their price objective on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.68.

Ford Motor Stock Performance

The stock’s 50-day moving average is $14.13 and its 200-day moving average is $13.51. The firm has a market capitalization of $54.30 billion, a price-to-earnings ratio of -7.28, a PEG ratio of 0.28 and a beta of 1.83. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share. On average, analysts predict that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s dividend payout ratio is presently -32.09%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently modified their holdings of the company. Junto Capital Management LP bought a new position in Ford Motor in the second quarter valued at about $33,406,000. Miramontes Capital LLC boosted its stake in shares of Ford Motor by 101.1% during the second quarter. Miramontes Capital LLC now owns 23,864 shares of the auto manufacturer’s stock valued at $332,000 after purchasing an additional 12,000 shares in the last quarter. MCF Advisors LLC grew its holdings in shares of Ford Motor by 3.8% during the second quarter. MCF Advisors LLC now owns 23,168 shares of the auto manufacturer’s stock worth $322,000 after purchasing an additional 845 shares during the last quarter. National Pension Service grew its holdings in shares of Ford Motor by 2.7% during the second quarter. National Pension Service now owns 9,949,526 shares of the auto manufacturer’s stock worth $138,298,000 after purchasing an additional 266,044 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Ford Motor in the second quarter valued at approximately $183,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.