Ford Motor (NYSE:F) Stock Price Down 1.2% – Here’s Why

Shares of Ford Motor (NYSE:F) dropped 1.2% during mid-day trading on Monday . The company traded as low as $9.67 and last traded at $9.96. Approximately 56,388,926 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 65,590,641 shares. The stock had previously closed at $10.08.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on F shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.82.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The company’s 50 day moving average price is $10.16 and its 200-day moving average price is $10.62. The company has a market cap of $39.65 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last posted 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, equities research analysts forecast that Ford Motor will post 1.78 earnings per share for the current fiscal year.

Institutional Trading of Ford Motor

Several institutional investors have recently made changes to their positions in the stock. Hager Investment Management Services LLC bought a new stake in Ford Motor in the 4th quarter valued at $26,000. Quarry LP bought a new position in shares of Ford Motor in the second quarter worth about $27,000. Bank of Jackson Hole Trust bought a new position in Ford Motor in the 4th quarter valued at $29,000. Kentucky Trust Co bought a new stake in Ford Motor during the 4th quarter worth about $31,000. Finally, Reston Wealth Management LLC bought a new position in Ford Motor in the third quarter valued at approximately $33,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.