Ford Motor (NYSE:F) Trading Down 0.7% – Time to Sell?

by · The Markets Daily

Shares of Ford Motor (NYSE:F – Get Free Report) fell 0.7% on Wednesday . The company traded as low as $9.58 and last traded at $9.69. 19,508,194 shares were traded during trading, a decline of 66% from the average session volume of 57,558,316 shares. The stock had previously closed at $9.76.

Analyst Ratings Changes

A number of brokerages have commented on F. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Finally, Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.83.

Read Our Latest Analysis on Ford Motor

Ford Motor Stock Down 0.8 %

The firm has a market capitalization of $38.39 billion, a PE ratio of 10.98, a P/E/G ratio of 1.89 and a beta of 1.62. The stock has a 50-day simple moving average of $10.47 and a 200-day simple moving average of $11.02. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings data 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 business had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. Analysts forecast that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 6.21%. Ford Motor’s payout ratio is 68.18%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC raised its holdings in shares of Ford Motor by 53.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 31,510 shares of the auto manufacturer’s stock valued at $395,000 after acquiring an additional 10,999 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of Ford Motor by 16.6% in the 2nd quarter. Ballentine Partners LLC now owns 23,671 shares of the auto manufacturer’s stock worth $297,000 after buying an additional 3,371 shares during the last quarter. Prudential PLC raised its position in shares of Ford Motor by 45.4% during the 2nd quarter. Prudential PLC now owns 59,160 shares of the auto manufacturer’s stock valued at $742,000 after buying an additional 18,467 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Ford Motor by 9.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 435,761 shares of the auto manufacturer’s stock worth $5,464,000 after acquiring an additional 37,601 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Ford Motor by 13.7% in the second quarter. Coldstream Capital Management Inc. now owns 69,932 shares of the auto manufacturer’s stock worth $877,000 after acquiring an additional 8,415 shares in the last quarter. 58.74% of the stock is currently 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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