Ford Motor (NYSE:F) Stock Price Up 1.6% – Still a Buy?

Ford Motor (NYSE:F) shares shot up 1.6% on Monday . The stock traded as high as $9.93 and last traded at $9.89. 28,597,085 shares traded hands during trading, a decline of 68% from the average session volume of 90,698,578 shares. The stock had previously closed at $9.73.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on F. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Evercore ISI decreased their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Royal Bank of Canada reduced 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. Bank of America lowered their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, TD Cowen started coverage on Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $11.68.

Ford Motor Stock Up 2.3 %

The stock’s fifty day moving average price is $9.71 and its 200 day moving average price is $10.33. The stock has a market cap of $39.46 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued 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 Tuesday, February 18th. Ford Motor’s payout ratio is currently 41.10%.

Hedge Funds Weigh In On Ford Motor

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

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.