JPMorgan Chase & Co. Lowers Ford Motor (NYSE:F) Price Target to $11.00

Ford Motor (NYSE:F) had its target price cut by JPMorgan Chase & Co. from $13.00 to $11.00 in a research report released on Thursday, Marketbeat Ratings reports. They currently have an overweight rating on the auto manufacturer’s stock.

F has been the topic of a number of other reports. Jefferies Financial Group cut shares of 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 report on Monday, February 10th. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, Wells Fargo & Company lowered their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.37.

Ford Motor Stock Down 3.7 %

NYSE F opened at $9.92 on Thursday. The stock has a market capitalization of $39.30 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a fifty day moving average of $9.76 and a 200-day moving average of $10.28.

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, topping the consensus estimate 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 research analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.05%. Ford Motor’s dividend payout ratio is currently 41.10%.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently added to or reduced their stakes in F. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor during the fourth quarter worth $29,000. Flagship Wealth Advisors LLC bought a new position in Ford Motor in the fourth quarter valued at $30,000. Kentucky Trust Co acquired a new stake in Ford Motor in the 4th quarter valued at $31,000. Finally, Spurstone Advisory Services LLC bought a new stake in Ford Motor during the 4th quarter worth about $31,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.