Ford (NYSE:F) shares were on track to snap six straight sessions of gains on Monday, as the stock fell 2.2% to $11.55 in afternoon trade.
The Michigan-based company gained about 11% in the preceding six sessions. Overall, the stock has gained more than 17% so far this year, compared to the nearly 7% rise in the broader S&P 500 Index.
F is up nearly 11% over the past one month. The stock closed 0.3% higher on Friday at $11.81.
Fueled by strong demand for hybrids and internal combustion engine vehicles, Ford said its vehicle sales for the second quarter increased 14.2% to 612,095.
Looking at Seeking Alpha’s Quant Rating, F has a Hold rating with a score of 3.33 out of 5. The company received A+ in the prospect of profitability and an F in the growth factor.
Turning to the Wall Street community, three analysts gave F a Buy and above. 18 analysts have given the stock a Hold recommendation, and four recommended Sell or lower.
Seeking Alpha analysts are also cautious and see the stock as a Hold.
A recent Seeking Alpha analysis pointed out that Ford’s EV segment performed relatively better in the recent quarter with 31,000 unit sales and revenue of $1.2 billion, but it is likely due to easier YoY comps.
“The macro headwinds can also make it difficult for Ford to maintain its high dividend payout,” the analysis said, adding that there are few growth levers available, while the potential for earnings to dip can increase in the next few quarters.