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

Ford Motor (NYSE:F)’s stock price was down 6.3% on Thursday after Wells Fargo & Company lowered their price target on the stock from $9.00 to $8.00. Wells Fargo & Company currently has an underweight 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.

Several other analysts also recently issued reports on F. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Bank of America reduced their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.04.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after acquiring an additional 8,824,000 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Ford Motor by 112.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after purchasing an additional 6,348,185 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ford Motor by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after purchasing an additional 5,270,562 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in Ford Motor during the third quarter valued at approximately $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Ford Motor by 420.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock worth $63,812,000 after buying an additional 4,881,105 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Down 6.2 %

The stock’s fifty day moving average price is $10.14 and its 200 day moving average price is $10.61. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The stock has a market cap of $37.30 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last released its 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 return on equity of 16.16% and a net margin of 1.93%. As a group, research analysts forecast that Ford Motor will post 1.78 earnings per share for the current fiscal year.

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.