Ford Motor (NYSE:F) Trading Down 0.8% on Analyst Downgrade

by · The Cerbat Gem

Ford Motor (NYSE:F – Get Free Report) shares fell 0.8% during mid-day trading on Friday after StockNews.com downgraded the stock from a hold rating to a sell rating. The stock traded as low as $9.04 and last traded at $9.07. 29,479,127 shares changed hands during trading, a decline of 58% from the average session volume of 69,515,840 shares. The stock had previously closed at $9.14.

A number of other research firms have also recently weighed in on F. TD Cowen started coverage on Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. BNP Paribas raised Ford Motor to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Evercore ISI decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.50.

View Our Latest Research Report on Ford Motor

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 acquired a new stake in Ford Motor in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC bought a new position in Ford Motor in the 4th quarter valued at $30,000. Kentucky Trust Co acquired a new stake in shares of Ford Motor in the 4th quarter valued at $31,000. Finally, Spurstone Advisory Services LLC bought a new stake in shares of Ford Motor during the fourth quarter worth $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Down 0.8 %

The firm has a 50 day moving average price of $9.60 and a 200-day moving average price of $10.18. The firm has a market cap of $35.93 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

About Ford Motor

(Get Free Report)

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.

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