Ford Motor (NYSE:F) Stock Price Down 1.2% Following Analyst Downgrade

Ford Motor (NYSE:F)’s share price fell 1.2% during mid-day trading on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $11.00 to $10.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Ford Motor traded as low as $10.31 and last traded at $10.34. 10,752,164 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 53,492,746 shares. The stock had previously closed at $10.47.

Other analysts also recently issued reports about the company. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a report on Tuesday. Evercore ISI raised Ford Motor to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Wells Fargo & Company cut their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.41.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Insight Wealth Partners LLC boosted its holdings in shares of Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after buying an additional 843 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Ford Motor by 2.9% during the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after purchasing an additional 846 shares during the last quarter. RB Capital Management LLC increased its position in shares of Ford Motor by 2.9% during the first quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock worth $403,000 after purchasing an additional 857 shares in the last quarter. Freestone Capital Holdings LLC increased its position in shares of Ford Motor by 5.0% during the first quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after purchasing an additional 875 shares in the last quarter. Finally, Hilltop National Bank lifted its holdings in shares of Ford Motor by 7.1% in the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock valued at $178,000 after purchasing an additional 944 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Down 0.7 %

The business has a 50-day moving average of $10.80 and a 200-day moving average of $11.62. The stock has a market capitalization of $40.61 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.90 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.15.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. As a group, research analysts forecast that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.87%. Ford Motor’s dividend payout ratio is presently 68.18%.

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.