Ford Motor (NYSE:F) Trading 1.6% Higher – Still a Buy?

Ford Motor Company (NYSE:F)’s share price traded up 1.6% on Thursday . The company traded as high as $13.68 and last traded at $13.62. 58,668,859 shares were traded during mid-day trading, a decline of 38% from the average session volume of 94,023,602 shares. The stock had previously closed at $13.41.

Analysts Set New Price Targets

A number of research firms have recently commented on F. UBS Group raised their target price on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Piper Sandler raised their price objective on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, October 24th. The Goldman Sachs Group upped their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Evercore ISI lifted their price target on shares of Ford Motor from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Monday, November 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a research report on Monday. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.04.

Ford Motor Stock Performance

The company has a market cap of $54.27 billion, a price-to-earnings ratio of 11.74 and a beta of 1.60. The firm’s 50 day simple moving average is $12.76 and its 200-day simple moving average is $11.77. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm had revenue of $50.53 billion for the quarter, compared to the consensus estimate of $43.08 billion. During the same period last year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were given a $0.15 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. Ford Motor’s dividend payout ratio is 51.72%.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in F. Cary Street Partners Investment Advisory LLC boosted its position in shares of Ford Motor by 16.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after acquiring an additional 776 shares during the last quarter. Capital Investment Advisors LLC grew its stake in shares of Ford Motor by 1.3% in the third quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock valued at $767,000 after buying an additional 824 shares in the last quarter. Silverlake Wealth Management LLC increased its stake in Ford Motor by 1.7% during the third quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock worth $575,000 after purchasing an additional 827 shares during the period. L2 Asset Management LLC boosted its position in Ford Motor by 4.7% in the 3rd quarter. L2 Asset Management LLC now owns 18,317 shares of the auto manufacturer’s stock valued at $219,000 after buying an additional 827 shares during the period. Finally, Searle & CO. boosted its holdings in Ford Motor by 2.1% in the third quarter. Searle & CO. now owns 40,833 shares of the auto manufacturer’s stock valued at $488,000 after purchasing an additional 833 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.