Ford Motor (NYSE:F) Trading Up 2% – Still a Buy?

Shares of Ford Motor (NYSE:F) traded up 2% during mid-day trading on Wednesday . The company traded as high as $10.12 and last traded at $10.14. Approximately 28,634,898 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 65,379,237 shares. The stock had previously closed at $9.94.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Piper Sandler reduced their price objective on Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Royal Bank of Canada lowered their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, TD Cowen started coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.37.

Ford Motor Price Performance

The business has a fifty day moving average of $9.74 and a 200-day moving average of $10.27. 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 firm has a market cap of $40.59 billion, a PE ratio of 7.01, a PEG ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.86%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently added to or reduced their stakes in the business. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in Ford Motor in the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new stake in Ford Motor during the fourth quarter valued at approximately $30,000. Spurstone Advisory Services LLC purchased a new position in Ford Motor in the 4th quarter worth approximately $31,000. Finally, Kentucky Trust Co bought a new position in shares of Ford Motor in the 4th quarter worth $31,000. 58.74% of the stock is currently owned by institutional investors.

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.