Ford Motor (NYSE:F) Trading 1.2% Higher - Still a Buy?

Ford Motor (NYSE:F - Get Free Report) shares shot up 1.2% during mid-day trading on Wednesday . The company traded as high as $10.77 and last traded at $10.73. 26,174,433 shares changed hands during trading, a decline of 76% from the average session volume of 108,804,563 shares. The stock had previously closed at $10.60.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on F. JPMorgan Chase & Co. raised their price objective on Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Sanford C. Bernstein downgraded Ford Motor from a "market perform" rating to an "underperform" rating and lowered their price objective for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Barclays raised their price objective on Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group raised their price objective on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Piper Sandler lifted their target price on Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $10.03.

Ford Motor Stock Performance

The company has a market cap of $41.91 billion, a PE ratio of 7.22, a PEG ratio of 0.61 and a beta of 1.50. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a 50-day moving average of $10.06 and a 200-day moving average of $9.99.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to analysts' expectations of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Ford Motor's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. As a group, analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.69%. Ford Motor's dividend payout ratio is currently 48.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Ford Motor by 16.6% in the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the period. Pacer Advisors Inc. raised its stake in shares of Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock valued at $492,253,000 after purchasing an additional 48,378,444 shares during the period. Norges Bank bought a new stake in shares of Ford Motor during the 4th quarter valued at $387,282,000. Nuveen LLC bought a new stake in shares of Ford Motor during the 1st quarter valued at $123,147,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock valued at $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Hedge funds and other 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.