Ford Motor (NYSE:F) Trading 9.2% Higher – Should You Buy?

Ford Motor Company (NYSE:F) shares traded up 9.2% on Friday . The stock traded as high as $14.95 and last traded at $14.9250. 108,839,821 shares were traded during trading, an increase of 77% from the average session volume of 61,610,207 shares. The stock had previously closed at $13.67.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a research note on Friday, May 15th. Bank of America assumed coverage on shares of Ford Motor in a research note on Wednesday, March 4th. They set a “buy” rating and a $17.00 target price for the company. Citigroup decreased 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 note on Monday, May 4th. Finally, Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.56.

Ford Motor Stock Up 9.2%

The stock has a market capitalization of $59.47 billion, a PE ratio of -9.63, a PEG ratio of 0.33 and a beta of 1.65. The firm’s fifty day moving average is $12.29 and its 200-day moving average is $13.03. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. On average, equities research analysts predict that Ford Motor Company will post 1.6 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, June 1st. Investors of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s dividend payout ratio is currently -38.71%.

Institutional Investors Weigh In On Ford Motor

Several institutional investors have recently modified their holdings of the company. Summitry LLC raised its holdings in Ford Motor by 84.1% during the first quarter. Summitry LLC now owns 25,977 shares of the auto manufacturer’s stock worth $300,000 after purchasing an additional 11,867 shares during the last quarter. WNY Asset Management LLC purchased a new position in shares of Ford Motor in the first quarter valued at $417,000. Vestor Capital LLC raised its stake in shares of Ford Motor by 78.4% during the 1st quarter. Vestor Capital LLC now owns 3,648 shares of the auto manufacturer’s stock worth $42,000 after buying an additional 1,603 shares during the last quarter. Western Wealth Management LLC raised its stake in shares of Ford Motor by 56.5% during the 1st quarter. Western Wealth Management LLC now owns 50,015 shares of the auto manufacturer’s stock worth $577,000 after buying an additional 18,058 shares during the last quarter. Finally, Orographic Financial Advisors LLC purchased a new stake in shares of Ford Motor in the 1st quarter worth about $379,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.