Ford Motor (NYSE:F) Shares Down 9.2% Following Analyst Downgrade

Ford Motor (NYSE:F)’s share price traded down 9.2% during trading on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $11.00 to $10.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Ford Motor traded as low as $10.18 and last traded at $10.32. 68,115,111 shares were traded during mid-day trading, an increase of 28% from the average session volume of 53,265,242 shares. The stock had previously closed at $11.37.

F has been the subject of a number of other research reports. Barclays dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Wolfe Research assumed coverage on Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.41.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently made changes to their positions in F. Olistico Wealth LLC acquired a new position in Ford Motor in the second quarter valued at $25,000. Family Firm Inc. acquired a new position in Ford Motor in the second quarter valued at $26,000. Quarry LP acquired a new position in Ford Motor in the second quarter valued at $27,000. Ridgewood Investments LLC acquired a new position in Ford Motor in the second quarter valued at $28,000. Finally, Kimelman & Baird LLC acquired a new position in Ford Motor in the second quarter valued at $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 0.5 %

The stock has a market cap of $41.78 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.58 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 stock has a fifty day moving average of $10.83 and a two-hundred day moving average of $11.64.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period last year, the company posted $0.39 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts predict that Ford Motor will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date is Thursday, November 7th. Ford Motor’s payout ratio is 61.86%.

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.