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

Ford Motor (NYSE:F)’s share price rose 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 changed 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Barclays dropped their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.83.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The business has a 50 day simple moving average of $10.49 and a 200-day simple moving average of $11.05. The firm has a market cap of $38.67 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 1.89 and a beta of 1.62.

Ford Motor (NYSE:F) last announced 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. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Equities research analysts expect that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 6.17%. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Institutional Trading of Ford Motor

A number of large investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC increased 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 in the last quarter. Acadian Asset Management LLC raised its holdings 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 acquiring an additional 573,904 shares during the period. Caprock Group LLC raised its holdings in Ford Motor by 77.6% during the 2nd quarter. Caprock Group LLC now owns 68,117 shares of the auto manufacturer’s stock valued at $854,000 after acquiring an additional 29,753 shares during the period. Ballentine Partners LLC lifted its position in shares of Ford Motor by 16.6% during the second quarter. Ballentine Partners LLC now owns 23,671 shares of the auto manufacturer’s stock worth $297,000 after acquiring an additional 3,371 shares in the last quarter. Finally, Prudential PLC grew its position in shares of Ford Motor by 45.4% in the second quarter. Prudential PLC now owns 59,160 shares of the auto manufacturer’s stock valued at $742,000 after purchasing an additional 18,467 shares in the last quarter. Hedge funds and other 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.