Ford Motor (NYSE:F) Stock Price Down 0.2% Following Analyst Downgrade

Ford Motor (NYSE:F)’s share price dropped 0.2% during trading on Tuesday after Evercore ISI lowered their price target on the stock from $11.00 to $10.00. Evercore ISI currently has an in-line rating on the stock. Ford Motor traded as low as $9.17 and last traded at $9.23. Approximately 15,229,325 shares were traded during trading, a decline of 80% from the average daily volume of 77,877,594 shares. The stock had previously closed at $9.24.

A number of other equities analysts have also commented on the stock. Royal Bank of Canada cut their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reduced their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.89.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently bought and sold shares of the company. Meridian Financial Partners LLC grew its holdings in shares of Ford Motor by 1.1% during the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock worth $903,000 after purchasing an additional 953 shares in the last quarter. Apollon Wealth Management LLC lifted its position in Ford Motor by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock valued at $982,000 after purchasing an additional 969 shares during the last quarter. Pure Financial Advisors LLC grew its stake in Ford Motor by 6.6% in the 3rd quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock worth $170,000 after buying an additional 990 shares in the last quarter. PBMares Wealth Management LLC increased its holdings in shares of Ford Motor by 9.0% in the 3rd quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock worth $126,000 after buying an additional 991 shares during the last quarter. Finally, Pointe Capital Management LLC raised its position in shares of Ford Motor by 4.8% during the 3rd quarter. Pointe Capital Management LLC now owns 21,821 shares of the auto manufacturer’s stock valued at $230,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

The business’s fifty day moving average price is $10.03 and its 200-day moving average price is $10.51. The company has a market capitalization of $36.70 billion, a P/E ratio of 6.32, a P/E/G ratio of 1.80 and a beta of 1.63. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, sell-side analysts predict that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s payout ratio is 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.