Ford Motor (NYSE:F) Stock Price Up 3.6% – Time to Buy?

Ford Motor Company (NYSE:F)’s stock price shot up 3.6% during mid-day trading on Wednesday . The company traded as high as $16.06 and last traded at $15.8750. 84,975,134 shares were traded during mid-day trading, an increase of 37% from the average session volume of 62,142,516 shares. The stock had previously closed at $15.32.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on F. UBS Group decreased their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group decreased their price objective on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Bank of America began coverage on shares of Ford Motor in a report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 price objective for the company. TD Cowen decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Finally, Citigroup cut their target price on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.56.

Ford Motor Stock Performance

The stock has a market cap of $63.26 billion, a price-to-earnings ratio of -10.24, a price-to-earnings-growth ratio of 0.33 and a beta of 1.65. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The stock’s 50-day simple moving average is $12.42 and its two-hundred day simple moving average is $13.06.

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

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. Ford Motor’s dividend payout ratio is currently -38.71%.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in Ford Motor during the fourth quarter valued at about $674,437,000. DLD Asset Management LP bought a new position in Ford Motor during the third quarter valued at about $299,000,000. Marshall Wace LLP increased its stake in Ford Motor by 81.1% during the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after acquiring an additional 15,866,285 shares during the period. AQR Capital Management LLC increased its stake in Ford Motor by 610.1% during the fourth quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after acquiring an additional 9,603,267 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Ford Motor by 26.9% during the fourth quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after acquiring an additional 8,086,564 shares during the period. Institutional investors own 58.74% of the company’s stock.

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.