Ford Motor (NYSE:F) Stock Price Up 1.3% – Time to Buy?

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on F. JPMorgan Chase & Co. decreased their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. TD Cowen raised their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. DZ Bank raised Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research report on Friday, July 31st. Finally, UBS Group decreased their target price on Ford Motor from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.36.

Ford Motor Stock Up 1.3%

The stock has a fifty day moving average price of $13.12 and a two-hundred day moving average price of $13.42. The company has a market cap of $46.76 billion, a price-to-earnings ratio of -6.27, a P/E/G ratio of 0.24 and a beta of 1.93. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate 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 business had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the company posted $0.37 earnings per share. Ford Motor’s revenue was down 3.8% compared to the same quarter last year. As a group, sell-side analysts expect that Ford Motor Company will post 1.86 EPS for the current year.

Institutional Trading of Ford Motor

A number of institutional investors have recently bought and sold shares of F. Great Lakes Retirement Inc. lifted its position in shares of Ford Motor by 4.4% during the 3rd quarter. Great Lakes Retirement Inc. now owns 220,275 shares of the auto manufacturer’s stock valued at $2,657,000 after acquiring an additional 9,288 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Ford Motor by 16.5% in the third quarter. Asset Management One Co. Ltd. now owns 2,122,363 shares of the auto manufacturer’s stock worth $25,596,000 after purchasing an additional 300,016 shares during the period. SYM FINANCIAL Corp acquired a new position in Ford Motor in the third quarter valued at about $124,000. Ashton Thomas Securities LLC acquired a new position in Ford Motor in the third quarter valued at about $104,000. Finally, Abundance Wealth Counselors lifted its position in Ford Motor by 3.3% during the third quarter. Abundance Wealth Counselors now owns 167,380 shares of the auto manufacturer’s stock worth $2,019,000 after purchasing an additional 5,368 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.