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

Ford Motor (NYSE:F) shares gapped down prior to trading on Tuesday after Barclays lowered their price target on the stock from $14.00 to $13.00. The stock had previously closed at $11.37, but opened at $10.53. Barclays currently has an overweight rating on the stock. Ford Motor shares last traded at $10.26, with a volume of 30,525,141 shares changing hands.

Other research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada dropped their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Wells Fargo & Company lowered their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.48.

Hedge Funds Weigh In On Ford Motor

Institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its holdings in shares of Ford Motor by 14,373.9% during the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after acquiring an additional 8,824,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after buying an additional 7,793,944 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Ford Motor by 456.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock valued at $50,160,000 after buying an additional 3,281,800 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Ford Motor by 103.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after buying an additional 2,497,695 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Ford Motor by 1,215.6% during the third quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock valued at $28,444,000 after acquiring an additional 2,488,850 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The stock has a market capitalization of $41.54 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.58 and a beta of 1.62. The stock’s 50 day simple moving average is $10.84 and its 200-day simple moving average is $11.65.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm 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%. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. On average, analysts expect that Ford Motor will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio is 61.86%.

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.