Ford Motor (NYSE:F) Trading Down 2.9% Following Analyst Downgrade

Ford Motor (NYSE:F) shares traded down 2.9% during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $10.00 to $8.00. Barclays currently has an equal weight rating on the stock. Ford Motor traded as low as $9.44 and last traded at $9.43. 33,470,972 shares were traded during mid-day trading, a decline of 53% from the average session volume of 70,506,868 shares. The stock had previously closed at $9.71.

Other equities research analysts also recently issued reports about the stock. Evercore ISI reduced 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. The Goldman Sachs Group restated a “neutral” rating and issued a $9.00 price target (down from $11.00) on shares of Ford Motor in a research note on Thursday, April 10th. Piper Sandler dropped their price objective on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Bank of America cut their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, TD Cowen started coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.30.

Institutional Trading of Ford Motor

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

Ford Motor Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The business has a 50-day moving average of $9.57 and a 200 day moving average of $10.16. The firm has a market capitalization of $37.42 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is presently 41.10%.

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.