Ford Motor (NYSE:F) Shares Down 3.6% on Analyst Downgrade

Ford Motor (NYSE:F) was down 3.6% during trading on Tuesday after Wells Fargo & Company lowered their price target on the stock from $10.00 to $9.00. Wells Fargo & Company currently has an underweight rating on the stock. Ford Motor traded as low as $10.24 and last traded at $10.28. Approximately 20,493,001 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 54,021,008 shares. The stock had previously closed at $10.66.

Several other research analysts also recently issued reports on F. Royal Bank of Canada lowered their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research report on Tuesday. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Barclays dropped their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, The Goldman Sachs Group decreased their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.95.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Olistico Wealth LLC acquired a new position in Ford Motor in the second quarter valued at $25,000. Fortis Group Advisors LLC boosted its position in shares of Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,086 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Ford Motor in the second quarter worth approximately $26,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Ford Motor in the fourth quarter worth approximately $27,000. Finally, Financial Synergies Wealth Advisors Inc. grew its holdings in Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Down 3.2 %

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 cap of $41.00 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. The firm’s 50-day moving average is $11.61 and its 200 day moving average is $12.12.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). The firm had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. Sell-side analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were issued a $0.15 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.82%. Ford Motor’s dividend payout ratio is currently 61.86%.

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.