Ford Motor (NYSE:F) Stock Price Up 3.2% – Time to Buy?

Ford Motor Company (NYSE:FGet Free Report)’s stock price was up 3.2% on Friday . The company traded as high as $14.55 and last traded at $14.44. Approximately 45,097,236 shares were traded during mid-day trading, a decline of 24% from the average session volume of 59,276,203 shares. The stock had previously closed at $13.99.

Wall Street Analyst Weigh In

Several research analysts recently commented on F shares. TD Cowen boosted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Dbs Bank raised Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Finally, BNP Paribas Exane upped their price target on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.68.

Read Our Latest Analysis on Ford Motor

Ford Motor Trading Up 3.2%

The company has a 50 day simple moving average of $14.12 and a two-hundred day simple moving average of $13.51. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The firm has a market cap of $57.58 billion, a PE ratio of -7.72, a P/E/G ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:FGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. Analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s dividend payout ratio is -32.09%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 4,087,699 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Ford Motor during the 2nd quarter valued at about $4,649,131,000. Charles Schwab Investment Management Inc. raised its stake in shares of Ford Motor by 2.8% during the 4th 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 last quarter. Geode Capital Management LLC raised its stake in shares of Ford Motor by 1.2% during the 4th 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 last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after buying an additional 55,100,244 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

(Get Free Report)

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.

Further Reading

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