Ford Motor (NYSE:F) Trading Down 1.9% After Analyst Downgrade

Shares of Ford Motor (NYSE:F) traded down 1.9% on Friday 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 $9.65 and last traded at $9.71. 41,542,250 shares traded hands during trading, a decline of 34% from the average session volume of 63,349,260 shares. The stock had previously closed at $9.90.

A number of other research analysts have also recently commented on F. Bank of America dropped their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. TD Cowen began coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Wells Fargo & Company dropped their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.37.

Institutional Investors Weigh In On Ford Motor

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock valued at $1,278,153,000 after acquiring an additional 6,497,321 shares during the period. Geode Capital Management LLC increased its holdings in shares of Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock valued at $830,662,000 after acquiring an additional 2,089,127 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ford Motor by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock worth $460,444,000 after purchasing an additional 4,925,993 shares during the period. Finally, Norges Bank bought a new position in shares of Ford Motor in the 4th quarter worth $387,282,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 1.8 %

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm’s 50-day moving average is $9.75 and its 200-day moving average is $10.28. The firm has a market cap of $38.54 billion, a price-to-earnings ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, sell-side analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. Ford Motor’s dividend payout ratio is presently 41.10%.

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.