Ford Motor (NYSE:F) Trading Down 3.1% – Should You Sell?

Ford Motor (NYSE:F) shares fell 3.1% during mid-day trading on Monday . The stock traded as low as $9.00 and last traded at $9.28. 59,044,615 shares changed hands during trading, a decline of 12% from the average session volume of 67,053,289 shares. The stock had previously closed at $9.58.

Analyst Upgrades and Downgrades

Several research firms have commented on F. Royal Bank of Canada cut their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. TD Cowen initiated coverage on Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective on the stock. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.37.

Ford Motor Trading Down 3.7 %

The firm has a market capitalization of $36.58 billion, a PE ratio of 6.32, a PEG ratio of 0.61 and a beta of 1.41. The business has a fifty day moving average price of $9.69 and a two-hundred day moving average price of $10.23. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

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, topping 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%. Analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.50%. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Trading of Ford Motor

Several hedge funds have recently made changes to their positions in the business. Hager Investment Management Services LLC acquired a new position in Ford Motor during the 4th quarter worth $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Ford Motor during the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor in the 4th quarter valued at approximately $30,000. Kentucky Trust Co purchased a new position in Ford Motor in the fourth quarter valued at $31,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.