Ford Motor (NYSE:F) Trading Up 3.4% – Time to Buy?

Ford Motor Company (NYSE:F) shot up 3.4% during mid-day trading on Thursday . The company traded as high as $13.80 and last traded at $13.6650. 72,347,767 shares were traded during trading, an increase of 18% from the average session volume of 61,123,551 shares. The stock had previously closed at $13.22.

Analyst Ratings Changes

Several equities analysts have recently issued reports on F shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a report on Friday, May 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Wells Fargo & Company decreased their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. UBS Group decreased their target price on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, TD Cowen decreased their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.56.

Ford Motor Price Performance

The company has a market cap of $54.45 billion, a price-to-earnings ratio of -8.82, a PEG ratio of 0.29 and a beta of 1.65. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The company’s fifty day moving average price is $12.21 and its two-hundred day moving average price is $13.01.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, equities research analysts forecast that Ford Motor Company will post 1.6 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s dividend payout ratio is currently -38.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Grove Bank & Trust boosted its position in Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares during the last quarter. MV Capital Management Inc. acquired a new position in Ford Motor during the 4th quarter worth approximately $25,000. Olistico Wealth LLC acquired a new position in Ford Motor during the 4th quarter worth approximately $26,000. McMillan Office Inc. acquired a new position in Ford Motor during the 4th quarter worth approximately $26,000. Finally, Legacy Wealth Managment LLC ID boosted its holdings in Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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.