Ford Motor (NYSE:F) Trading Up 0.4% – Still a Buy?

Ford Motor (NYSE:F) was up 0.4% during mid-day trading on Tuesday . The stock traded as high as $10.01 and last traded at $9.96. Approximately 13,413,744 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 54,254,859 shares. The stock had previously closed at $9.92.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Wells Fargo & Company lowered their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.83.

Ford Motor Price Performance

The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock’s 50-day moving average is $10.52 and its 200 day moving average is $11.07. The stock has a market capitalization of $38.91 billion, a PE ratio of 11.13, a P/E/G ratio of 1.90 and a beta of 1.64.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the firm earned $0.39 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts predict that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.13%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is presently 68.18%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently made changes to their positions in F. TD Asset Management Inc increased its position in Ford Motor by 4.4% during the second quarter. TD Asset Management Inc now owns 1,553,513 shares of the auto manufacturer’s stock worth $19,481,000 after acquiring an additional 65,049 shares during the period. New York Life Investment Management LLC raised its holdings in Ford Motor by 1.2% in the 2nd quarter. New York Life Investment Management LLC now owns 562,174 shares of the auto manufacturer’s stock valued at $7,050,000 after buying an additional 6,495 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Ford Motor by 53.6% in the second quarter. Los Angeles Capital Management LLC now owns 31,510 shares of the auto manufacturer’s stock worth $395,000 after purchasing an additional 10,999 shares during the last quarter. Chris Bulman Inc bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $77,000. Finally, Acadian Asset Management LLC increased its position in Ford Motor by 191.8% during the 2nd quarter. Acadian Asset Management LLC now owns 873,156 shares of the auto manufacturer’s stock valued at $10,945,000 after purchasing an additional 573,904 shares during the period. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

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.