Ford Motor (NYSE:F) Cut to “Underperform” at Sanford C. Bernstein

Sanford C. Bernstein cut shares of Ford Motor (NYSE:F) from a market perform rating to an underperform rating in a report published on Wednesday morning, Marketbeat.com reports. The firm currently has $7.00 price objective on the auto manufacturer’s stock, down from their previous price objective of $9.40.

A number of other equities research analysts have also recently weighed in on F. Evercore ISI cut their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Bank of America lowered their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Piper Sandler cut their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.50.

Ford Motor Trading Up 2.0 %

Ford Motor stock opened at $9.33 on Wednesday. The firm has a 50-day moving average price of $9.58 and a two-hundred day moving average price of $10.17. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85. The firm has a market capitalization of $36.96 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.61 and a beta of 1.41. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.43%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

Institutional Trading of Ford Motor

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

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.