Ford Motor (NYSE:F) Trading Up 4% - Time to Buy?

Key Points

• Ford shares rose 4% to about $14.49, trading above both the 50-day moving average of $14.14 and the 200-day average of $13.50.
• Analyst sentiment is mixed but improving: Citigroup upgraded Ford to “buy,” while UBS, Piper Sandler and Goldman Sachs raised price targets. The consensus rating remains “Hold,” with an average target of $15.68.
• Ford beat quarterly expectations with adjusted EPS of $0.42 versus $0.33 expected and revenue of $48.30 billion, while maintaining a quarterly dividend of $0.15, representing a 4.1% annualized yield.

Ford Motor Company (NYSE:F - Get Free Report) rose 4% during trading on Wednesday . The stock traded as high as $14.50 and last traded at $14.4850. 50,445,723 shares were traded during trading, a decline of 15% from the average daily volume of 59,526,926 shares. The stock had previously closed at $13.93.

Analyst Upgrades and Downgrades

F has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of Ford Motor from $14.00 to $17.00 and gave the company a "buy" rating in a report on Monday, June 8th. Piper Sandler boosted their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. The Goldman Sachs Group increased their target price on shares of Ford Motor from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, June 11th. Citigroup upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and lifted their price target for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $15.68.

Ford Motor Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The stock's 50 day moving average is $14.14 and its 200 day moving average is $13.50. The stock has a market capitalization of $57.76 billion, a price-to-earnings ratio of -7.75, a PEG ratio of 0.30 and a beta of 1.82.

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

Ford Motor Dividend Announcement

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 $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. Ford Motor's dividend payout ratio is presently -32.09%.

Hedge Funds Weigh In On Ford Motor

Institutional investors have recently made changes to their positions in the stock. MV Capital Management Inc. purchased a new stake in Ford Motor during the 4th quarter worth about $25,000. McMillan Office Inc. purchased a new position in Ford Motor in the 4th quarter valued at about $26,000. Manning & Napier Advisors LLC acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $31,000. Johnson Financial Group Inc. boosted its stake in shares of Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer's stock worth $28,000 after purchasing an additional 837 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID grew its holdings in shares of Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock worth $27,000 after buying an additional 1,230 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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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