Ford Motor (NYSE:F) Shares Up 0.7% – Still a Buy?

Ford Motor (NYSE:F)’s share price shot up 0.7% during trading on Monday . The company traded as high as $10.80 and last traded at $10.80. 6,344,328 shares traded hands during trading, a decline of 88% from the average session volume of 53,333,391 shares. The stock had previously closed at $10.72.

Analyst Upgrades and Downgrades

F has been the subject of several analyst reports. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Royal Bank of Canada reduced their price target on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Finally, Wells Fargo & Company decreased their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.72.

Ford Motor Price Performance

The firm has a market capitalization of $43.48 billion, a PE ratio of 11.13, a PEG ratio of 0.77 and a beta of 1.62. The stock has a 50-day moving average price of $10.64 and a 200 day moving average price of $11.84. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The firm had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. Equities analysts forecast that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Hedge Funds Weigh In On Ford Motor

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after acquiring an additional 7,793,944 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Ford Motor by 1.0% in the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after purchasing an additional 318,715 shares during the period. LSV Asset Management boosted its stake in shares of Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after purchasing an additional 312,496 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Ford Motor by 11.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after purchasing an additional 1,214,640 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Ford Motor by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock valued at $124,511,000 after purchasing an additional 51,035 shares during the period. Institutional investors and hedge funds 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.