Ford Motor (NYSE:F) Stock Price Up 2.4% – Still a Buy?

Ford Motor Company (NYSE:F) rose 2.4% during trading on Wednesday . The company traded as high as $13.42 and last traded at $13.3950. Approximately 72,012,323 shares were traded during trading, a decline of 24% from the average daily volume of 94,172,633 shares. The stock had previously closed at $13.08.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on F. Piper Sandler lifted their target price on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. UBS Group boosted their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Evercore ISI upped their price objective on shares of Ford Motor from $10.00 to $12.00 and gave the company an “in-line” rating in a research note on Monday, November 24th. Wells Fargo & Company lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.04.

Ford Motor Stock Performance

The stock’s 50 day moving average is $12.81 and its two-hundred day moving average is $11.81. The stock has a market capitalization of $54.79 billion, a price-to-earnings ratio of 11.85 and a beta of 1.60. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. Analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. Ford Motor’s dividend payout ratio is 51.72%.

Institutional Trading of Ford Motor

A number of institutional investors have recently made changes to their positions in the business. Trust Co. of Toledo NA OH bought a new position in Ford Motor in the second quarter valued at $25,000. Corsicana & Co. acquired a new position in shares of Ford Motor during the 3rd quarter worth about $25,000. Country Trust Bank bought a new position in shares of Ford Motor in the 2nd quarter valued at about $27,000. Capital A Wealth Management LLC increased its position in shares of Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 2,279 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its holdings in Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 837 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

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.