Ford Motor (NYSE:F) Trading Down 9.2% on Analyst Downgrade

Shares of Ford Motor (NYSE:F) were down 9.2% on Tuesday after Barclays lowered their price target on the stock from $14.00 to $13.00. Barclays currently has an overweight rating on the stock. Ford Motor traded as low as $10.18 and last traded at $10.32. Approximately 68,115,111 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 53,265,242 shares. The stock had previously closed at $11.37.

A number of other research firms also recently weighed in on F. Wells Fargo & Company dropped their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a research report on Tuesday, September 10th. Wolfe Research started coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada cut their price target on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.48.

Institutional Trading of Ford Motor

A number of large investors have recently modified their holdings of F. Miracle Mile Advisors LLC bought a new stake in shares of Ford Motor in the 1st quarter worth approximately $139,000. Claro Advisors LLC boosted its position in shares of Ford Motor by 12.5% in the 1st quarter. Claro Advisors LLC now owns 14,686 shares of the auto manufacturer’s stock worth $195,000 after purchasing an additional 1,626 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Ford Motor by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock worth $124,511,000 after acquiring an additional 51,035 shares during the last quarter. Norden Group LLC purchased a new stake in Ford Motor during the 1st quarter valued at about $3,593,000. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Ford Motor by 27.3% during the first quarter. First Trust Direct Indexing L.P. now owns 89,915 shares of the auto manufacturer’s stock valued at $1,194,000 after buying an additional 19,256 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 8.5 %

The stock has a fifty day simple moving average of $10.84 and a 200 day simple moving average of $11.65. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The firm has a market cap of $41.54 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same period in the previous year, the business earned $0.39 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that Ford Motor will post 1.86 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, December 2nd. Shareholders of record on Thursday, November 7th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.77%. Ford Motor’s payout ratio is presently 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.