Ford Motor (NYSE:F) Stock Price Down 0.3% Following Analyst Downgrade

Ford Motor (NYSE:F) shares dropped 0.3% on Friday 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 $9.83 and last traded at $9.98. Approximately 34,333,340 shares were traded during trading, a decline of 44% from the average daily volume of 61,145,066 shares. The stock had previously closed at $10.01.

F has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. TD Cowen started coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 target price on the stock. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.50.

Institutional Trading of Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of F. Hager Investment Management Services LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor during the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in Ford Motor during the 4th quarter worth approximately $30,000. Kentucky Trust Co acquired a new position in Ford Motor during the 4th quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC acquired a new position in Ford Motor during the 4th quarter worth approximately $31,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Trading Down 0.4 %

The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The business has a 50-day simple moving average of $9.73 and a two-hundred day simple moving average of $10.31. The stock has a market cap of $39.50 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 0.61 and a beta of 1.59.

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 the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, research analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.02%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is presently 41.10%.

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.