Ford Motor (NYSE:F) Trading 9.2% Higher – Time to Buy?

Ford Motor Company (NYSE:F)’s share price rose 9.2% during trading on Friday . The company traded as high as $14.95 and last traded at $14.9250. Approximately 108,839,821 shares were traded during mid-day trading, an increase of 77% from the average daily volume of 61,610,207 shares. The stock had previously closed at $13.67.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research reports. Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Wells Fargo & Company reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. UBS Group decreased their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Friday, March 27th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and an average target price of $13.56.

Ford Motor Trading Up 9.2%

The business’s 50 day simple moving average is $12.24 and its 200-day simple moving average is $13.01. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The stock has a market capitalization of $59.47 billion, a P/E ratio of -9.63, a PEG ratio of 0.29 and a beta of 1.65.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter in the prior year, the business posted $0.14 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts forecast that Ford Motor Company will post 1.6 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 4.0%. Ford Motor’s dividend payout ratio is presently -38.71%.

Hedge Funds Weigh In On Ford Motor

Several institutional investors have recently modified their holdings of the stock. Grove Bank & Trust raised its position in shares of Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. MV Capital Management Inc. acquired a new position in Ford Motor during the fourth quarter valued at approximately $25,000. Olistico Wealth LLC acquired a new position in Ford Motor during the fourth quarter valued at approximately $26,000. McMillan Office Inc. bought a new stake in Ford Motor in the fourth quarter valued at approximately $26,000. Finally, Legacy Wealth Managment LLC ID raised its holdings in Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares during the period. 58.74% of the stock is currently 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.