Ford Motor (NYSE:F) Shares Down 0.3% on Analyst Downgrade

Ford Motor (NYSE:F) shares dropped 0.3% during trading on Friday after Piper Sandler lowered their price target on the stock from $13.00 to $9.00. Piper Sandler currently has a neutral rating on the stock. Ford Motor traded as low as $9.83 and last traded at $9.98. Approximately 34,333,340 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 61,145,066 shares. The stock had previously closed at $10.01.

Several other research analysts have also commented on the company. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Wells Fargo & Company decreased their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Bank of America decreased their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Evercore ISI decreased their target price on 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. Finally, Royal Bank of Canada cut their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.50.

Institutional Trading of Ford Motor

Several hedge funds have recently added to or reduced their stakes in the business. Chancellor Financial Group WB LP bought a new stake in Ford Motor during the 4th quarter valued at $182,000. Tableaux LLC acquired a new position in shares of Ford Motor during the 4th quarter valued at $148,000. Northstar Financial Companies Inc. acquired a new position in shares of Ford Motor during the 4th quarter valued at $154,000. Wood Tarver Financial Group LLC acquired a new position in shares of Ford Motor during the 4th quarter valued at $31,000. Finally, Probity Advisors Inc. increased its position in shares of Ford Motor by 18.6% during the 4th quarter. Probity Advisors Inc. now owns 33,055 shares of the auto manufacturer’s stock valued at $327,000 after purchasing an additional 5,193 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 0.3 %

The company has a market capitalization of $39.81 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.61 and a beta of 1.59. The firm has a 50-day moving average price of $9.73 and a 200-day moving average price of $10.30. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.97%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

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.