Ford Motor (NYSE:F) Shares Down 0.3% – Should You Sell?

by · The Cerbat Gem

Ford Motor (NYSE:F – Get Free Report)’s stock price fell 0.3% during mid-day trading on Thursday . The company traded as low as $9.58 and last traded at $9.73. 61,508,922 shares traded hands during trading, a decline of 7% from the average session volume of 66,428,859 shares. The stock had previously closed at $9.76.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. Barclays dropped their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Finally, Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the company from $12.00 to $9.00 in a report on Monday, December 16th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.83.

Get Our Latest Stock Analysis on F

Ford Motor Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The company has a 50-day moving average price of $10.49 and a two-hundred day moving average price of $11.05. The stock has a market capitalization of $38.67 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 1.89 and a beta of 1.62.

Ford Motor (NYSE:F – Get Free Report) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. On average, equities analysts forecast that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Hedge Funds Weigh In On Ford Motor

Several institutional investors have recently modified their holdings of the business. Franklin Resources Inc. raised its position in Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after acquiring an additional 336,720 shares during the period. Principal Financial Group Inc. raised its stake 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 acquiring an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor in the third quarter valued at approximately $55,456,000. ING Groep NV grew its stake in Ford Motor by 93.4% in the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock valued at $12,473,000 after buying an additional 570,293 shares in the last quarter. Finally, OneAscent Financial Services LLC bought a new stake in Ford Motor during the 3rd quarter valued at $545,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Company Profile

(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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