Ford Motor (NYSE:F) Trading Up 1.8% – Still a Buy?

Ford Motor (NYSE:F) shares shot up 1.8% during mid-day trading on Monday . The stock traded as high as $10.66 and last traded at $10.62. 21,307,762 shares traded hands during trading, a decline of 73% from the average session volume of 79,807,581 shares. The stock had previously closed at $10.43.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Citigroup lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Wolfe Research upgraded shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. TD Cowen started coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target for the company. Piper Sandler boosted their price target on Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group increased their price target on Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.03.

Ford Motor Stock Up 1.9%

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market cap of $42.25 billion, a P/E ratio of 7.26, a PEG ratio of 0.61 and a beta of 1.50. The firm has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $9.96.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 EPS. Equities research analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.65%. Ford Motor’s payout ratio is 48.00%.

Institutional Trading of Ford Motor

Several large investors have recently made changes to their positions in F. Optima Capital LLC grew its holdings in shares of Ford Motor by 14.2% during the 1st quarter. Optima Capital LLC now owns 25,424 shares of the auto manufacturer’s stock valued at $255,000 after purchasing an additional 3,162 shares during the last quarter. Anderson Financial Strategies LLC increased its holdings in shares of Ford Motor by 13.9% during the first quarter. Anderson Financial Strategies LLC now owns 141,107 shares of the auto manufacturer’s stock worth $1,415,000 after buying an additional 17,181 shares in the last quarter. Strs Ohio bought a new position in shares of Ford Motor in the 1st quarter valued at $8,809,000. Ellsworth Advisors LLC acquired a new stake in shares of Ford Motor during the 1st quarter valued at $4,026,000. Finally, Advisors Capital Management LLC grew its position in Ford Motor by 9.6% during the 1st quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock worth $126,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds 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.