Ford Motor (NYSE:F) Trading Down 0.7% – Here’s Why

Ford Motor (NYSE:F)’s share price dropped 0.7% during trading on Wednesday . The stock traded as low as $9.10 and last traded at $9.15. Approximately 16,858,967 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 77,134,156 shares. The stock had previously closed at $9.21.

Analyst Ratings Changes

Several research firms have recently issued reports on F. Wells Fargo & Company lowered their target price on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Royal Bank of Canada reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft cut their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Evercore ISI dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.89.

Ford Motor Price Performance

The company has a 50 day simple moving average of $10.00 and a 200 day simple moving average of $10.50. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $36.82 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 predict that Ford Motor will post 1.7 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.48%. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Ford Motor in the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor in the fourth quarter worth approximately $30,000. Reston Wealth Management LLC bought a new stake in Ford Motor in the third quarter worth about $33,000. Finally, Kentucky Trust Co acquired a new stake in Ford Motor during the fourth quarter valued at approximately $31,000. Institutional investors own 58.74% of the company’s stock.

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.