Ford Motor (NYSE:F) Stock Price Down 1.1% - Here's Why

Ford Motor (NYSE:F - Get Free Report) dropped 1.1% on Wednesday . The company traded as low as $10.62 and last traded at $10.70. Approximately 17,002,620 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 53,631,418 shares. The stock had previously closed at $10.82.

Wall Street Analyst Weigh In

A number of brokerages recently commented on F. Morgan Stanley downgraded 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Wolfe Research initiated coverage on Ford Motor in a research note on Thursday, September 5th. They issued a "peer perform" rating for the company. Barclays decreased their price target on Ford Motor from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company decreased their price target on Ford Motor from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.02.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The firm has a market cap of $42.76 billion, a P/E ratio of 12.16, a P/E/G ratio of 2.00 and a beta of 1.62. The company has a 50-day moving average of $10.86 and a 200 day moving average of $11.39.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion during the quarter, compared to analysts' expectations of $45.13 billion. During the same period last year, the firm posted $0.39 EPS. The business's revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.58%. Ford Motor's dividend payout ratio is currently 68.18%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new stake in shares of Ford Motor in the second quarter valued at about $26,000. Quarry LP acquired a new position in shares of Ford Motor in the second quarter valued at approximately $27,000. Ridgewood Investments LLC acquired a new position in shares of Ford Motor in the second quarter valued at approximately $28,000. Kimelman & Baird LLC acquired a new position in shares of Ford Motor in the second quarter valued at approximately $30,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Ford Motor in the third quarter valued at approximately $33,000. 58.74% of the stock is currently owned by institutional investors.

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.

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