Ford Motor (NYSE:F) Trading Up 0.4% – Should You Buy?

Shares of Ford Motor (NYSE:F) rose 0.4% during mid-day trading on Wednesday . The company traded as high as $11.19 and last traded at $11.15. Approximately 9,373,649 shares traded hands during trading, a decline of 82% from the average daily volume of 52,977,176 shares. The stock had previously closed at $11.11.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on F. Barclays decreased their price target on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Wells Fargo & Company decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $12.56.

Ford Motor Price Performance

The company has a market capitalization of $44.16 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The business’s 50-day moving average price is $10.79 and its 200 day moving average price is $11.73.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Analysts anticipate that Ford Motor will post 1.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently made changes to their positions in the business. Olistico Wealth LLC bought a new stake in Ford Motor during the 2nd quarter valued at $25,000. Family Firm Inc. purchased a new stake in Ford Motor during the 2nd quarter valued at about $26,000. Quarry LP purchased a new stake in Ford Motor during the 2nd quarter valued at about $27,000. Ridgewood Investments LLC purchased a new stake in Ford Motor during the 2nd quarter valued at about $28,000. Finally, Kimelman & Baird LLC purchased a new stake in Ford Motor during the 2nd quarter valued at about $30,000. 58.74% of the stock is currently owned by institutional investors.

About Ford Motor

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.