Ford Motor (NYSE:F) Stock Price Down 3.3% - Here's Why

Shares of Ford Motor (NYSE:F - Get Free Report) dropped 3.3% on Tuesday . The company traded as low as $9.98 and last traded at $10.04. Approximately 33,004,398 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 60,114,156 shares. The stock had previously closed at $10.38.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on F. Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Sanford C. Bernstein cut shares of Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their target price on Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group downgraded Ford Motor from a "hold" rating to an "underperform" rating and lowered their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Ford Motor currently has a consensus rating of "Hold" and an average price target of $11.82.

Ford Motor Trading Down 1.0 %

The stock has a market capitalization of $39.96 billion, a PE ratio of 11.45, a P/E/G ratio of 1.97 and a beta of 1.64. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The business's fifty day moving average is $10.23 and its 200-day moving average is $10.76.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period in the previous year, the business earned $0.39 EPS. Ford Motor's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Ford Motor will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in F. Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Ford Motor by 20.8% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 139,684 shares of the auto manufacturer's stock valued at $1,383,000 after purchasing an additional 24,085 shares during the period. Atria Wealth Solutions Inc. increased its stake in shares of Ford Motor by 0.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 607,734 shares of the auto manufacturer's stock worth $6,017,000 after acquiring an additional 1,570 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Ford Motor by 66.2% in the 4th quarter. D.A. Davidson & CO. now owns 210,743 shares of the auto manufacturer's stock valued at $2,086,000 after buying an additional 83,941 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Ford Motor by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 595,488 shares of the auto manufacturer's stock valued at $5,895,000 after buying an additional 25,859 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Ford Motor by 22.2% in the fourth quarter. Sanctuary Advisors LLC now owns 507,339 shares of the auto manufacturer's stock worth $5,155,000 after buying an additional 92,202 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.