Ford Motor (NYSE:F) Trading Down 2.5% After Analyst Downgrade

Ford Motor (NYSE:F) shares were down 2.5% during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $13.00 to $11.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as low as $9.82 and last traded at $10.05. Approximately 78,756,465 shares traded hands during trading, an increase of 25% from the average daily volume of 62,802,576 shares. The stock had previously closed at $10.30.

Several other equities analysts have also recently issued reports on the company. Evercore ISI dropped their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. TD Cowen started coverage on Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 target price on the stock. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler cut their price objective on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after buying an additional 336,720 shares in the last quarter. NCP Inc. raised its holdings in shares of Ford Motor by 62.0% in the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after acquiring an additional 28,528 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after purchasing an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Ford Motor during the third quarter worth approximately $55,456,000. Finally, Alberta Investment Management Corp boosted its holdings in shares of Ford Motor by 87.1% during the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after purchasing an additional 91,300 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 1.8 %

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 firm has a fifty day simple moving average of $9.75 and a 200 day simple moving average of $10.28. The company has a market cap of $38.54 billion, a PE ratio of 6.66, a PEG ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping 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%. Equities research analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. 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.