Ford Motor (NYSE:F) Price Target Cut to $8.00 by Analysts at Wells Fargo & Company

Ford Motor (NYSE:F) had its target price decreased by Wells Fargo & Company from $9.00 to $8.00 in a research note issued to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the auto manufacturer’s stock.

F has been the topic of a number of other research reports. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reduced their target price on 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 cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.96.

Ford Motor Stock Down 7.3 %

Shares of F opened at $9.28 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 12 month low of $9.26 and a 12 month high of $14.85. The stock’s 50 day moving average is $10.14 and its two-hundred day moving average is $10.61. The firm has a market cap of $36.86 billion, a P/E ratio of 10.54, a PEG ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping 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%. Analysts predict that Ford Motor will post 1.78 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Hedge Funds Weigh In On Ford Motor

Several hedge funds have recently bought and sold shares of F. Hager Investment Management Services LLC acquired a new position in Ford Motor in the fourth quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Ford Motor during the fourth quarter worth about $29,000. Kentucky Trust Co acquired a new position in shares of Ford Motor during the fourth quarter worth about $31,000. Reston Wealth Management LLC acquired a new position in shares of Ford Motor during the third quarter worth about $33,000. Finally, Crewe Advisors LLC lifted its stake in shares of Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.