Ford Motor (NYSE:F) Stock Price Down 2.9% on Analyst Downgrade

Ford Motor (NYSE:F)’s stock price fell 2.9% 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 changed hands 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.

Several other equities analysts also recently commented on the company. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Bank of America dropped their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. TD Cowen began coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 target price for the company. The Goldman Sachs Group restated a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of Ford Motor in a research note on Thursday, April 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.30.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares in the last quarter. NCP Inc. boosted its stake in Ford Motor by 62.0% in the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after buying an additional 28,528 shares in the last quarter. Principal Financial Group Inc. grew its position in Ford Motor by 3.8% during the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after acquiring an additional 160,409 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of Ford Motor by 87.1% during the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after acquiring an additional 91,300 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $10,853,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 2.8 %

The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The stock’s 50 day moving average price is $9.57 and its 200-day moving average price is $10.16. The company has a market cap of $37.42 billion, a PE ratio of 6.47, a PEG ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.35%. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

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.