Ford Motor (NYSE:F) Stock Price Down 0.3% – Here’s Why

Ford Motor (NYSE:F)’s share price was down 0.3% during mid-day trading on Tuesday . The company traded as low as $10.19 and last traded at $10.22. Approximately 19,561,803 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 62,232,448 shares. The stock had previously closed at $10.25.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Piper Sandler reduced their price target on Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Royal Bank of Canada dropped their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.50.

Ford Motor Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $40.57 billion, a PE ratio of 7.00, a PEG ratio of 0.61 and a beta of 1.59. The business has a fifty day moving average price of $9.75 and a 200-day moving average price of $10.29.

Ford Motor (NYSE:F) last issued its quarterly earnings results 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 3.18% and a return on equity of 16.88%. Research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is presently 41.10%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new stake in Ford Motor in the 4th quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor during the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor in the 4th quarter worth approximately $30,000. Kentucky Trust Co bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $31,000. Hedge funds and other 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.