Ford Motor (NYSE:F) Stock Price Down 1.2% Following Analyst Downgrade

Shares of Ford Motor (NYSE:F) dropped 1.2% on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $11.00 to $10.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Ford Motor traded as low as $10.31 and last traded at $10.34. Approximately 10,752,164 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 53,492,746 shares. The stock had previously closed at $10.47.

Several other research firms have also recently issued reports on F. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research report on Tuesday. Wells Fargo & Company cut their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Barclays decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday. Wolfe Research began coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $12.41.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Insight Wealth Partners LLC raised its stake in shares of Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after acquiring an additional 843 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after buying an additional 846 shares during the last quarter. RB Capital Management LLC grew its holdings in shares of Ford Motor by 2.9% during the first quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock worth $403,000 after buying an additional 857 shares during the last quarter. Freestone Capital Holdings LLC grew its holdings in shares of Ford Motor by 5.0% during the first quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after buying an additional 875 shares during the last quarter. Finally, Hilltop National Bank raised its stake in Ford Motor by 7.1% during the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock valued at $178,000 after acquiring an additional 944 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 business has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $11.63. The company has a market capitalization of $40.89 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.58 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. As a group, equities analysts predict that Ford Motor will post 1.86 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.83%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

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.