Ford Motor (NYSE:F) Stock Price Down 0.2% Following Analyst Downgrade

Ford Motor (NYSE:F)’s share price traded down 0.2% on Tuesday after Evercore ISI lowered their price target on the stock from $11.00 to $10.00. Evercore ISI currently has an in-line rating on the stock. Ford Motor traded as low as $9.17 and last traded at $9.23. 15,229,325 shares were traded during trading, a decline of 80% from the average session volume of 77,877,594 shares. The stock had previously closed at $9.24.

A number of other brokerages also recently issued reports on F. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Bank of America cut their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $11.89.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently added to or reduced their stakes in F. Hager Investment Management Services LLC purchased a new stake in Ford Motor during the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in Ford Motor during the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor during the fourth quarter valued at about $30,000. Kentucky Trust Co purchased a new stake in Ford Motor during the fourth quarter valued at about $31,000. Finally, Reston Wealth Management LLC purchased a new stake in Ford Motor during the third quarter valued at about $33,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

The stock has a 50-day simple moving average of $10.00 and a 200-day simple moving average of $10.50. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 0.98. The stock has a market cap of $36.72 billion, a PE ratio of 6.33, a P/E/G ratio of 1.80 and a beta of 1.63.

Ford Motor (NYSE:F) last issued 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 return on equity of 16.88% and a net margin of 3.18%. Equities analysts predict that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s payout ratio is 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.