Ford Motor (NYSE:F) Shares Down 2.1% – What’s Next?

Ford Motor Company (NYSE:F) shares dropped 2.1% on Monday . The company traded as low as $14.00 and last traded at $14.07. 31,360,134 shares changed hands during trading, a decline of 48% from the average daily volume of 59,800,910 shares. The stock had previously closed at $14.37.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on F shares. Royal Bank Of Canada raised their price target on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. TD Cowen boosted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. lifted their target price on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, UBS Group upped their price target on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.68.

Ford Motor Trading Down 0.7%

The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a market cap of $55.63 billion, a price-to-earnings ratio of -7.46, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The firm’s fifty day moving average is $14.14 and its 200-day moving average is $13.50.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period last year, the business posted $0.37 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. Equities analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Ford Motor in the second quarter worth $4,649,131,000. Bank of America Corp DE increased its stake in Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after purchasing an additional 55,100,244 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Ford Motor during the second quarter valued at about $717,218,000. Norges Bank acquired a new position in shares of Ford Motor during the fourth quarter valued at about $674,437,000. Finally, Deutsche Bank AG bought a new position in shares of Ford Motor during the 2nd quarter worth about $267,563,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.