Ford Motor (NYSE:F) Trading Down 2.1% - Time to Sell?

Key Points

• Ford shares fell 2.1% to about $14.07 in mid-day trading, with volume roughly 48% below the average session level.
• Analyst sentiment is mixed but improving: the consensus rating remains “Hold”, with a $15.68 average price target; several firms recently upgraded the stock or raised their targets.
• Ford beat quarterly estimates with $0.42 in EPS and $48.30 billion in revenue, while announcing a $0.15 quarterly dividend, equal to a 4.3% annualized yield.

Ford Motor Company (NYSE:F - Get Free Report) shares traded down 2.1% on Monday . The stock traded as low as $14.00 and last traded at $14.07. 31,360,134 shares were traded during mid-day trading, a decline of 48% from the average session volume of 59,800,910 shares. The stock had previously closed at $14.37.

Analysts Set New Price Targets

Several equities research analysts have recently commented on F shares. TD Cowen upped their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded Ford Motor from a "hold" rating to a "buy" rating and upped their price target for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Citigroup raised Ford Motor from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Royal Bank Of Canada increased their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 29th. Finally, DZ Bank upgraded shares of Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 price target for the company in a research report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $15.68.

Ford Motor Trading Down 2.1%

The stock has a fifty day moving average of $14.18 and a 200 day moving average of $13.50. 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 company has a market capitalization of $56.11 billion, a PE ratio of -7.52, a PEG ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. The business had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company's revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. As a group, sell-side analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor's dividend payout ratio (DPR) is presently -32.09%.

Institutional Trading of Ford Motor

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE grew its position in shares of Ford Motor by 318.0% during the second 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 purchasing an additional 55,100,244 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Ford Motor in the second quarter worth about $24,943,000. Jupiter Topco LLC purchased a new stake in shares of Ford Motor in the second quarter worth about $8,684,000. J. Goldman & Co LP bought a new position in Ford Motor during the second quarter valued at approximately $403,000. Finally, EFG International AG boosted its stake in Ford Motor by 3.7% during the second quarter. EFG International AG now owns 23,257 shares of the auto manufacturer's stock valued at $323,000 after buying an additional 827 shares during the last quarter. 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.

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