Ford Motor (NYSE:F) Trading Down 0.3% – What’s Next?

Ford Motor (NYSE:F)’s share price fell 0.3% during mid-day trading on Thursday . The company traded as low as $9.58 and last traded at $9.73. 61,508,922 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 66,428,859 shares. The stock had previously closed at $9.76.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on F shares. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The business’s fifty day simple moving average is $10.49 and its 200-day simple moving average is $11.05. The firm has a market cap of $38.67 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 1.89 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter last year, the business posted $0.39 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 6.17%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Ford Motor in the second quarter worth $27,000. Kimelman & Baird LLC purchased a new stake in shares of Ford Motor during the second quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new stake in shares of Ford Motor in the 3rd quarter worth $33,000. Access Investment Management LLC purchased a new position in shares of Ford Motor in the third quarter worth $34,000. Finally, Modus Advisors LLC purchased a new stake in shares of Ford Motor during the fourth quarter valued at $34,000. Institutional investors own 58.74% of the company’s stock.

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.