Ford Motor (NYSE:F - Get Free Report) shares fell 3.3% during mid-day trading on Tuesday . The company traded as low as $9.98 and last traded at $10.04. 33,004,398 shares changed hands during trading, a decline of 45% from the average session volume of 60,114,156 shares. The stock had previously closed at $10.38.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on F. Jefferies Financial Group downgraded Ford Motor from a "hold" rating to an "underperform" rating and cut their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Sanford C. Bernstein lowered shares of Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price objective on the stock. in a research report on Thursday, November 7th. Barclays lowered shares of Ford Motor from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a research report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.82.
View Our Latest Stock Report on Ford Motor
Ford Motor Trading Down 0.6 %
The firm has a market capitalization of $40.32 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.93 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 has a 50-day moving average of $10.24 and a two-hundred day moving average of $10.76.
Ford Motor (NYSE:F - Get Free Report) last posted its 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. The business had revenue of $46.20 billion for the quarter, compared to analysts' expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Research analysts predict that Ford Motor will post 1.77 EPS for the current fiscal year.
Hedge Funds Weigh In On Ford Motor
A number of institutional investors and hedge funds have recently added to or reduced their stakes in F. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor in the fourth quarter valued at about $26,000. Quarry LP acquired a new position in Ford Motor during the 2nd quarter worth approximately $27,000. Kimelman & Baird LLC acquired a new position in Ford Motor during the 2nd quarter worth approximately $30,000. Kentucky Trust Co bought a new position in shares of Ford Motor during the 4th quarter worth approximately $31,000. Finally, Reston Wealth Management LLC acquired a new stake 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 and hedge funds.
About Ford Motor
(
Get Free Report)
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.
Further Reading
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