Ford Motor (NYSE:F) Stock Price Down 0.5% on Analyst Downgrade

Ford Motor (NYSE:F) fell 0.5% during mid-day trading on Thursday after Piper Sandler lowered their price target on the stock from $13.00 to $9.00. Piper Sandler currently has a neutral rating on the stock. Ford Motor traded as low as $9.99 and last traded at $10.12. 21,925,327 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 60,929,493 shares. The stock had previously closed at $10.17.

Other analysts have also recently issued reports about the company. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. BNP Paribas upgraded Ford Motor to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada cut their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, Bank of America cut their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.50.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in F. Hager Investment Management Services LLC purchased a new position in shares of Ford Motor during the fourth quarter worth about $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Ford Motor during the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of Ford Motor during the fourth quarter worth about $30,000. Spurstone Advisory Services LLC purchased a new position in shares of Ford Motor during the fourth quarter worth about $31,000. Finally, Kentucky Trust Co purchased a new position in shares of Ford Motor during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

The stock has a fifty day simple moving average of $9.73 and a two-hundred day simple moving average of $10.31. The company has a market cap of $39.73 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, equities analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio is presently 41.10%.

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.