Ford Motor (NYSE:F) Trading Up 5.2% – Should You Buy?
by Renee Jackson · The Cerbat GemFord Motor Company (NYSE:F – Get Free Report)’s share price was up 5.2% during mid-day trading on Thursday . The company traded as high as $16.75 and last traded at $16.7050. Approximately 98,008,688 shares traded hands during mid-day trading, an increase of 57% from the average daily volume of 62,538,938 shares. The stock had previously closed at $15.88.
Analyst Ratings Changes
A number of research analysts have issued reports on F shares. Bank of America began coverage on Ford Motor in a research report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 target price on the stock. TD Cowen cut their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Citigroup cut their price target on Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a research note on Friday, May 15th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $13.56.
Read Our Latest Stock Analysis on F
Ford Motor Stock Up 5.2%
The stock has a 50 day moving average price of $12.51 and a 200 day moving average price of $13.08. The stock has a market capitalization of $66.56 billion, a price-to-earnings ratio of -10.78, a price-to-earnings-growth ratio of 0.34 and a beta of 1.65. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.
Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. As a group, analysts forecast 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. Investors of record on Tuesday, May 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s payout ratio is currently -38.71%.
Hedge Funds Weigh In On Ford Motor
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Ford Motor by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after buying an additional 4,087,699 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after buying an additional 4,089,779 shares during the period. Geode Capital Management LLC lifted its stake in Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after buying an additional 1,255,349 shares during the period. Norges Bank acquired a new position in Ford Motor in the fourth quarter valued at approximately $674,437,000. Finally, Dimensional Fund Advisors LP lifted its stake in Ford Motor by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after buying an additional 1,585,557 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.
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.