Ford Motor (NYSE:F) Trading 9.2% Higher – Still a Buy?

Ford Motor Company (NYSE:F) was up 9.2% during trading on Friday . The stock traded as high as $14.95 and last traded at $14.9250. Approximately 108,839,821 shares traded hands during mid-day trading, an increase of 77% from the average daily volume of 61,610,207 shares. The stock had previously closed at $13.67.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen reduced their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a research report on Friday, May 15th. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Bank of America started coverage on shares of Ford Motor in a report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 price target for the company. Finally, Morgan Stanley restated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.56.

Ford Motor Stock Performance

The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The firm has a market cap of $59.47 billion, a P/E ratio of -9.63, a PEG ratio of 0.29 and a beta of 1.65. The stock’s 50 day moving average is $12.24 and its two-hundred day moving average is $13.01.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.0%. Ford Motor’s dividend payout ratio (DPR) is presently -38.71%.

Institutional Investors Weigh In On Ford Motor

Large investors have recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in Ford Motor by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after buying an additional 756 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its stake in shares of Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 761 shares during the last quarter. CRA Financial Services LLC raised its stake in shares of Ford Motor by 4.4% in the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after acquiring an additional 775 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Ford Motor by 16.5% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after acquiring an additional 776 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its holdings in shares of Ford Motor by 7.2% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock worth $153,000 after acquiring an additional 784 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

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.