Ford Motor (NYSE:F) Stock Price Up 1.3% - Still a Buy?

Key Points

• Ford shares rose 1.3% to about $11.73 in mid-day trading, although volume was 24% below the average session level.
• Analyst sentiment is mixed: seven analysts rate Ford a Buy, ten a Hold and two a Sell, producing an overall “Hold” rating and a consensus price target of $15.36. Several firms recently lowered their price targets.
• Ford beat quarterly earnings and revenue expectations, reporting $0.42 in EPS and $48.3 billion in revenue, but revenue declined 3.8% year over year and the company posted a negative net margin.

Shares of Ford Motor Company (NYSE:F - Get Free Report) were up 1.3% during mid-day trading on Tuesday. The stock traded as high as $11.79 and last traded at $11.7260. 42,624,094 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 55,838,715 shares. The stock had previously closed at $11.58.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group cut their price target on shares of Ford Motor from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, October 7th. JPMorgan Chase & Co. decreased their price objective on Ford Motor from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, October 12th. The Goldman Sachs Group lowered their target price on Ford Motor from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 6th. Weiss Ratings lowered Ford Motor from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. Finally, Zacks Research lowered Ford Motor from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $15.36.

Ford Motor Stock Up 1.3%

The company has a market capitalization of $46.76 billion, a price-to-earnings ratio of -6.27, a price-to-earnings-growth ratio of 0.24 and a beta of 1.93. The firm's 50 day moving average price is $13.12 and its two-hundred day moving average price is $13.42. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results 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. 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 in the prior year, the firm earned $0.37 EPS. Ford Motor's quarterly revenue was down 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ninety One UK Ltd acquired a new stake in Ford Motor during the 3rd quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Ford Motor in the second quarter valued at $31,000. Legacy Wealth Managment LLC ID increased its holdings in shares of Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 1,230 shares during the last quarter. Caldwell Trust Co increased its holdings in shares of Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer's stock valued at $29,000 after purchasing an additional 2,175 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Ford Motor by 343.3% in the first quarter. SJS Investment Consulting Inc. now owns 2,633 shares of the auto manufacturer's stock valued at $30,000 after purchasing an additional 2,039 shares during the last quarter. Institutional investors own 58.74% of the company's stock.

About Ford Motor

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.