Ford Motor (NYSE:F) Shares Up 1.1% – Still a Buy?

Shares of Ford Motor Company (NYSE:F) shot up 1.1% during trading on Tuesday . The company traded as high as $13.09 and last traded at $13.0250. 70,105,221 shares traded hands during trading, a decline of 28% from the average session volume of 96,912,305 shares. The stock had previously closed at $12.88.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group upped their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Piper Sandler upped their price target on shares of Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Citigroup increased their price target on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. The Goldman Sachs Group boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ford Motor in a research note on Monday. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.73.

Ford Motor Trading Up 1.1%

The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The company has a market capitalization of $51.90 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 4.03 and a beta of 1.60. The business’s 50-day moving average price is $12.32 and its two-hundred day moving average price is $11.47.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, November 7th. Ford Motor’s dividend payout ratio is 51.72%.

Institutional Investors Weigh In On Ford Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC lifted its position in shares of Ford Motor by 11.7% during the 1st quarter. Kingsview Wealth Management LLC now owns 113,962 shares of the auto manufacturer’s stock worth $1,143,000 after buying an additional 11,942 shares during the last quarter. OneAscent Financial Services LLC raised its stake in Ford Motor by 107.1% during the first quarter. OneAscent Financial Services LLC now owns 122,748 shares of the auto manufacturer’s stock worth $1,224,000 after acquiring an additional 63,488 shares in the last quarter. IFP Advisors Inc raised its stake in Ford Motor by 25.2% during the first quarter. IFP Advisors Inc now owns 94,202 shares of the auto manufacturer’s stock worth $945,000 after acquiring an additional 18,977 shares in the last quarter. WNY Asset Management LLC lifted its holdings in shares of Ford Motor by 16.2% in the first quarter. WNY Asset Management LLC now owns 41,367 shares of the auto manufacturer’s stock worth $415,000 after acquiring an additional 5,762 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Ford Motor by 4.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 301,027 shares of the auto manufacturer’s stock valued at $3,019,000 after purchasing an additional 12,205 shares in the last quarter. 58.74% of the stock is currently owned by 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.