Ford Motor (NYSE:F) Stock Price Down 1.1% – Should You Sell?

Shares of Ford Motor Company (NYSE:F) were down 1.1% during mid-day trading on Friday . The stock traded as low as $13.55 and last traded at $13.5650. Approximately 39,601,640 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 62,660,688 shares. The stock had previously closed at $13.71.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on F shares. Piper Sandler upgraded Ford Motor from a “neutral” rating to an “overweight” rating and raised their target price for the company from $11.00 to $16.00 in a research report on Thursday, January 8th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and increased their price objective for the company from $9.00 to $12.00 in a research note on Monday, October 6th. UBS Group raised their price objective on Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Royal Bank Of Canada upped their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Finally, The Goldman Sachs Group increased their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus price target of $13.19.

Ford Motor Trading Down 1.1%

The company has a market capitalization of $54.05 billion, a PE ratio of 11.69 and a beta of 1.62. The company has a fifty day simple moving average of $13.38 and a 200-day simple moving average of $12.42. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The business had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. Analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Hedge Funds Weigh In On Ford Motor

Institutional investors and hedge funds have recently bought and sold shares of the company. Caxton Associates LLP acquired a new position in Ford Motor in the first quarter valued at approximately $304,000. Empowered Funds LLC increased its stake in Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after acquiring an additional 43,385 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Ford Motor by 11.8% in the second quarter. Assenagon Asset Management S.A. now owns 52,719 shares of the auto manufacturer’s stock valued at $572,000 after purchasing an additional 5,559 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Ford Motor by 1.2% in the 2nd quarter. Park Avenue Securities LLC now owns 105,172 shares of the auto manufacturer’s stock valued at $1,141,000 after purchasing an additional 1,296 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Ford Motor by 13.3% during the 2nd quarter. Fifth Third Bancorp now owns 159,519 shares of the auto manufacturer’s stock worth $1,731,000 after purchasing an additional 18,670 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.