Ford Motor (NYSE:F) Trading Down 0.5% Following Analyst Downgrade

Ford Motor (NYSE:F) traded down 0.5% during mid-day trading on Thursday after Piper Sandler lowered their price target on the stock from $13.00 to $9.00. Piper Sandler currently has a neutral rating on the stock. Ford Motor traded as low as $9.99 and last traded at $10.12. 21,925,327 shares traded hands during trading, a decline of 64% from the average session volume of 60,929,493 shares. The stock had previously closed at $10.17.

A number of other equities research analysts also recently commented on F. TD Cowen started coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 target price for the company. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. BNP Paribas raised Ford Motor to a “hold” rating in a report on Monday, February 10th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.50.

Hedge Funds Weigh In On Ford Motor

Several institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in shares of Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after purchasing an additional 336,720 shares in the last quarter. NCP Inc. grew its holdings in Ford Motor by 62.0% during the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after buying an additional 28,528 shares in the last quarter. Principal Financial Group Inc. increased its stake in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after acquiring an additional 160,409 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Ford Motor during the 3rd quarter worth approximately $55,456,000. Finally, Alberta Investment Management Corp boosted its position in shares of Ford Motor by 87.1% during the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after acquiring an additional 91,300 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

The business’s fifty day moving average is $9.72 and its two-hundred day moving average is $10.31. The stock has a market capitalization of $40.09 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.93%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

About Ford Motor

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.