Ford Motor (NYSE:F) Shares Down 6.3% After Analyst Downgrade

Ford Motor (NYSE:F) shares were down 6.3% during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $14.00 to $13.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as low as $9.28 and last traded at $9.38. Approximately 95,852,260 shares traded hands during trading, an increase of 32% from the average daily volume of 72,649,727 shares. The stock had previously closed at $10.01.

F has been the topic of several other reports. Bank of America cut their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the company from $12.00 to $9.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company lowered their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and an average price target of $12.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Hager Investment Management Services LLC acquired a new position in Ford Motor during the 4th quarter worth $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor during the 4th quarter worth $29,000. Kentucky Trust Co acquired a new position in Ford Motor during the 4th quarter worth $31,000. Reston Wealth Management LLC acquired a new position in Ford Motor during the 3rd quarter worth $33,000. Finally, Crewe Advisors LLC raised its position in shares of Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 2,068 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Down 0.1 %

The firm’s 50-day simple moving average is $10.10 and its 200 day simple moving average is $10.60. The company has a market cap of $36.76 billion, a P/E ratio of 10.51, a PEG ratio of 1.96 and a beta of 1.63. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. On average, research analysts forecast that Ford Motor will post 1.78 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.49%. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

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.