Ford Motor (NYSE:F) Trading Up 0.3% – Still a Buy?

Ford Motor (NYSE:F) traded up 0.3% during trading on Thursday . The stock traded as high as $9.99 and last traded at $9.98. 12,526,224 shares changed hands during trading, a decline of 79% from the average session volume of 59,712,488 shares. The stock had previously closed at $9.95.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on F. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Barclays reduced their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Up 0.6 %

The firm’s 50 day moving average is $10.44 and its 200-day moving average is $10.97. The firm has a market cap of $39.76 billion, a PE ratio of 11.37, a P/E/G ratio of 1.86 and a beta of 1.64. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Ford Motor by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after acquiring an additional 5,270,562 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Ford Motor by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer’s stock valued at $863,009,000 after purchasing an additional 1,336,676 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Ford Motor by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after purchasing an additional 318,715 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Ford Motor by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer’s stock worth $257,108,000 after purchasing an additional 636,330 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Ford Motor by 112.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after purchasing an additional 6,348,185 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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.