Ford Motor (NYSE:F) Shares Up 0% – Time to Buy?

Ford Motor (NYSE:F) shares shot up 0% during trading on Thursday . The company traded as high as $10.09 and last traded at $10.03. 10,992,807 shares were traded during trading, a decline of 81% from the average session volume of 59,350,230 shares. The stock had previously closed at $10.03.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research report on Thursday, November 7th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $13.00 to $11.00 in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.82.

Ford Motor Stock Performance

The stock has a fifty day simple moving average of $10.29 and a 200-day simple moving average of $10.84. The stock has a market cap of $40.20 billion, a P/E ratio of 11.49, a PEG ratio of 1.93 and a beta of 1.64. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same period last year, the company earned $0.39 earnings per share. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Ford Motor will post 1.77 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Hedge Funds Weigh In On Ford Motor

Several hedge funds have recently modified their holdings of the stock. Quarry LP bought a new stake in Ford Motor during the second quarter worth $27,000. Kimelman & Baird LLC acquired a new position in shares of Ford Motor during the 2nd quarter worth about $30,000. Reston Wealth Management LLC bought a new stake in shares of Ford Motor in the 3rd quarter valued at about $33,000. Access Investment Management LLC acquired a new stake in Ford Motor in the 3rd quarter valued at about $34,000. Finally, Modus Advisors LLC bought a new position in Ford Motor during the fourth quarter worth about $34,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.