Ford Motor (NYSE:F) Trading Up 1.6% – Still a Buy?

Shares of Ford Motor (NYSE:F) shot up 1.6% during trading on Monday . The stock traded as high as $10.21 and last traded at $10.17. 60,707,245 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 53,436,516 shares. The stock had previously closed at $10.01.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on F. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Barclays decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Finally, Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.83.

Ford Motor Stock Performance

The stock’s 50-day simple moving average is $10.36 and its 200 day simple moving average is $10.89. 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 company has a market capitalization of $41.51 billion, a PE ratio of 11.87, a P/E/G ratio of 1.96 and a beta of 1.64.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period in the prior year, the firm posted $0.39 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Ford Motor will post 1.77 earnings per share for the current fiscal 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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 68.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of F. Quarry LP acquired a new position in Ford Motor in the second quarter valued at $27,000. Kimelman & Baird LLC acquired a new position in Ford Motor in the second quarter valued at $30,000. Reston Wealth Management LLC acquired a new position in Ford Motor in the third quarter valued at $33,000. Access Investment Management LLC acquired a new position in Ford Motor in the third quarter valued at $34,000. Finally, Modus Advisors LLC acquired a new position in Ford Motor in the fourth quarter valued at $34,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.