Ford Motor (NYSE:F) Trading 1.4% Higher - Time to Buy?

Ford Motor (NYSE:F - Get Free Report) shares shot up 1.4% during mid-day trading on Friday . The stock traded as high as $10.38 and last traded at $10.37. 29,084,487 shares traded hands during trading, a decline of 62% from the average session volume of 76,941,889 shares. The stock had previously closed at $10.22.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Royal Bank of Canada cut their price objective on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group boosted 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. Piper Sandler boosted their price objective on Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. boosted 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. Finally, Bank of America cut their price objective on Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Ford Motor currently has an average rating of "Hold" and an average price target of $10.03.

Ford Motor Stock Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a fifty day simple moving average of $10.00 and a 200 day simple moving average of $10.02. The stock has a market cap of $41.24 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.61 and a beta of 1.53.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The business had revenue of $40.66 billion during the quarter, compared to analysts' expectations of $35.99 billion. During the same period in the prior year, the firm posted $0.49 EPS. Ford Motor's quarterly revenue was down 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a $0.15 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.79%. Ford Motor's payout ratio is presently 48.00%.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently modified their holdings of the stock. Grove Bank & Trust grew its position in Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after acquiring an additional 1,882 shares during the last quarter. Hager Investment Management Services LLC bought a new stake in Ford Motor during the 4th quarter worth approximately $26,000. Elite Financial Inc. bought a new stake in Ford Motor during the 1st quarter worth approximately $27,000. Olde Wealth Management LLC bought a new stake in Ford Motor during the 1st quarter worth approximately $28,000. Finally, Bank of Jackson Hole Trust bought a new stake in Ford Motor during the 4th quarter worth approximately $29,000. 58.74% of the stock is owned by institutional investors and hedge funds.

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.