Ford Motor (NYSE:F) Trading Down 3.1% – Here’s What Happened

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Piper Sandler decreased their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Royal Bank of Canada dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their target price on Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned 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 $11.37.

Ford Motor Price Performance

The company’s 50-day moving average is $9.69 and its 200-day moving average is $10.23. The firm has a market capitalization of $36.58 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 0.61 and a beta of 1.41. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last announced its quarterly 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 net margin of 3.18% and a return on equity of 16.88%. On average, research analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued 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 payout ratio is 41.10%.

Institutional Trading of Ford Motor

Several large investors have recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new position in Ford Motor in the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Ford Motor during the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth approximately $30,000. Kentucky Trust Co bought a new stake in shares of Ford Motor in the fourth quarter worth $31,000. Finally, Spurstone Advisory Services LLC acquired a new position in Ford Motor during the 4th quarter worth $31,000. Institutional investors and hedge funds 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.