Ford Motor (NYSE:F) Trading Down 0.4% – What’s Next?

Ford Motor (NYSE:F)’s stock price fell 0.4% during trading on Friday . The stock traded as low as $9.20 and last traded at $9.51. 45,786,127 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 66,498,548 shares. The stock had previously closed at $9.54.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on F shares. Bank of America cut their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, TD Cowen assumed coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.37.

Ford Motor Price Performance

The stock has a market cap of $37.95 billion, a PE ratio of 6.56, a PEG ratio of 0.61 and a beta of 1.59. The business’s 50-day simple moving average is $9.72 and its 200-day simple moving average is $10.25. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) 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, research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.27%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

Hedge Funds Weigh In On Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new position in Ford Motor in the fourth quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor during the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new stake in Ford Motor during the fourth quarter worth about $30,000. Kentucky Trust Co purchased a new stake in Ford Motor in the fourth quarter worth about $31,000. Finally, Spurstone Advisory Services LLC purchased a new stake in Ford Motor in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.