Ford Motor (NYSE:F) Shares Up 1.3% – Time to Buy?

Ford Motor Company (NYSE:F) shares rose 1.3% during mid-day trading on Thursday . The company traded as high as $14.09 and last traded at $14.0050. Approximately 84,729,488 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 64,877,434 shares. The stock had previously closed at $13.82.

Analysts Set New Price Targets

A number of brokerages recently weighed in on F. TD Cowen increased their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Morgan Stanley upped their price target on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Citigroup upped their target price on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. Wells Fargo & Company increased their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average price target of $13.19.

Ford Motor Price Performance

The company has a fifty day simple moving average of $13.43 and a 200-day simple moving average of $12.46. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The company has a market cap of $55.80 billion, a P/E ratio of 12.07, a PEG ratio of 5.89 and a beta of 1.62.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently modified their holdings of the business. Swiss National Bank boosted its stake in shares of Ford Motor by 7.4% in the second quarter. Swiss National Bank now owns 11,822,986 shares of the auto manufacturer’s stock worth $128,279,000 after acquiring an additional 813,800 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Ford Motor by 7.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,476,340 shares of the auto manufacturer’s stock valued at $81,118,000 after purchasing an additional 510,473 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Ford Motor by 3.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,055,356 shares of the auto manufacturer’s stock worth $98,251,000 after purchasing an additional 279,470 shares during the last quarter. Aviva PLC grew its holdings in shares of Ford Motor by 1,280.3% during the second quarter. Aviva PLC now owns 2,919,334 shares of the auto manufacturer’s stock worth $31,675,000 after buying an additional 2,707,834 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV raised its position in shares of Ford Motor by 111.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 124,788 shares of the auto manufacturer’s stock valued at $1,354,000 after buying an additional 65,638 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

About Ford Motor

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.