Ford Motor (NYSE:F) Trading Down 1.4% – Should You Sell?

Ford Motor Company (NYSE:F) traded down 1.4% during mid-day trading on Monday . The stock traded as low as $13.94 and last traded at $14.0250. Approximately 39,752,534 shares traded hands during trading, a decline of 35% from the average session volume of 60,834,348 shares. The stock had previously closed at $14.23.

Ford Motor News Summary

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford is being highlighted by Zacks as a strong momentum stock, and another note says the company may beat upcoming earnings estimates, which could support sentiment ahead of its Q2 report. Article Title Article Title
• Positive Sentiment: Ford joined BlackRock, Carhartt, and Google in a new alliance to expand skilled workforce training, a headline that may improve its reputation and reinforce its long-term industrial and labor strategy. Article Title
• Neutral Sentiment: Ford’s share price has recently been trading near its 50-day moving average, suggesting the market is still waiting for a bigger catalyst such as earnings to drive the next move.
• Negative Sentiment: Ford announced a recall of nearly 388,000 vehicles over a second-row seat issue that could create safety concerns and added repair costs. Article Title
• Negative Sentiment: Several lighter headlines about employee snack-theft firings may add reputational noise, but they are unlikely to have a meaningful impact on Ford’s business or stock on their own. Article Title Article Title

Analysts Set New Price Targets

Several analysts have commented on F shares. The Goldman Sachs Group raised their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. TD Cowen reduced their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Finally, UBS Group increased their price objective on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.79.

Ford Motor Trading Up 0.8%

The stock’s fifty day simple moving average is $14.38 and its two-hundred day simple moving average is $13.42. The firm has a market cap of $57.29 billion, a PE ratio of -9.28, a PEG ratio of 0.31 and a beta of 1.82. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. On average, sell-side analysts forecast that Ford Motor Company will post 1.66 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

Hedge Funds Weigh In On Ford Motor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caxton Associates LLP bought a new stake in Ford Motor during the 1st quarter valued at about $304,000. Empowered Funds LLC lifted its stake in shares of Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Ford Motor during the second quarter valued at approximately $172,000. NewEdge Advisors LLC grew its holdings in shares of Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after acquiring an additional 26,526 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

About Ford Motor

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.