Ford Motor (NYSE:F) Shares Up 1.2% – Should You Buy?

Ford Motor (NYSE:F)’s share price shot up 1.2% on Wednesday . The company traded as high as $10.06 and last traded at $10.02. 29,083,141 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 54,326,992 shares. The stock had previously closed at $9.90.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on F shares. Barclays lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.83.

Ford Motor Price Performance

The company’s 50 day simple moving average is $10.74 and its 200 day simple moving average is $11.20. 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 stock has a market capitalization of $39.82 billion, a PE ratio of 11.39, a PEG ratio of 1.90 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings data 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 company had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 EPS. On average, equities analysts anticipate that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently modified their holdings of F. Quarry LP bought a new position in shares of Ford Motor in the 2nd quarter worth about $27,000. Ridgewood Investments LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth approximately $28,000. Kimelman & Baird LLC acquired a new position in shares of Ford Motor during the second quarter valued at $30,000. Reston Wealth Management LLC bought a new stake in Ford Motor in the 3rd quarter valued at about $33,000. Finally, Access Investment Management LLC bought a new stake in shares of Ford Motor during the third quarter valued at approximately $34,000. 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.