Ford Motor (NYSE:F) Trading Up 2.3% – Should You Buy?

Ford Motor (NYSE:F)’s stock price was up 2.3% on Thursday . The company traded as high as $9.61 and last traded at $9.62. Approximately 27,737,379 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 111,501,836 shares. The stock had previously closed at $9.40.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $9.00 target price (down from $11.00) on shares of Ford Motor in a research note on Thursday, April 10th. Royal Bank of Canada lowered their price target 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. TD Cowen began coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Finally, Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $10.30.

Ford Motor Stock Performance

The company has a market cap of $38.26 billion, a PE ratio of 6.59, a PEG ratio of 0.61 and a beta of 1.41. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The business’s 50 day moving average is $9.58 and its two-hundred day moving average is $10.15.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, equities research analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is currently 41.10%.

Hedge Funds Weigh In On Ford Motor

Institutional investors have recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in shares of Ford Motor in the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor in the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $30,000. Kentucky Trust Co bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC purchased a new stake in Ford Motor in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.