Ford Motor (NYSE:F) Shares Up 2% – Should You Buy?

Shares of Ford Motor Company (NYSE:F) shot up 2% during trading on Thursday . The stock traded as high as $13.83 and last traded at $13.6160. Approximately 43,862,231 shares changed hands during trading, a decline of 24% from the average session volume of 57,794,434 shares. The stock had previously closed at $13.35.

Analysts Set New Price Targets

F has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. TD Cowen boosted their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Dbs Bank raised Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. Finally, Piper Sandler increased their target price on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.68.

Ford Motor Stock Up 2.0%

The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The stock has a market cap of $54.30 billion, a P/E ratio of -7.28, a P/E/G ratio of 0.28 and a beta of 1.83. The stock’s fifty day simple moving average is $14.13 and its 200-day simple moving average is $13.51.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, research analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is -32.09%.

Institutional Trading of Ford Motor

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Ford Motor during the second quarter worth about $4,649,131,000. Geode Capital Management LLC grew its stake in Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after buying an additional 1,255,349 shares in the last quarter. Bank of America Corp DE increased its holdings in Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after buying an additional 55,100,244 shares during the period. Bank of New York Mellon Corp bought a new position in Ford Motor in the 2nd quarter valued at about $717,218,000. Finally, Norges Bank acquired a new position in shares of Ford Motor in the 4th quarter valued at approximately $674,437,000. 58.74% of the stock is currently owned by institutional investors.

About Ford Motor

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.