Shares of Ford Motor (NYSE:F - Get Free Report) fell 0.3% during mid-day trading on Monday . The stock traded as low as $9.57 and last traded at $9.62. 17,770,537 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 59,820,266 shares. The stock had previously closed at $9.65.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Morgan Stanley cut shares of Ford Motor from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Wolfe Research reissued an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Sanford C. Bernstein downgraded Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price objective on the stock. in a research note on Thursday, November 7th. Jefferies Financial Group downgraded Ford Motor from a "hold" rating to an "underperform" rating and cut their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, The Goldman Sachs Group upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and raised their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of "Hold" and a consensus target price of $11.83.
View Our Latest Stock Analysis on Ford Motor
Ford Motor Trading Up 0.6 %
The firm has a market cap of $38.59 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 1.89 and a beta of 1.64. The company has a 50-day simple moving average of $10.46 and a 200 day simple moving average of $10.99. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.
Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating 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 firm had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter 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, sell-side analysts forecast that Ford Motor will post 1.81 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor's payout ratio is 68.18%.
Institutional Trading of Ford Motor
A number of hedge funds and other institutional investors have recently modified their holdings of F. Assenagon Asset Management S.A. lifted its position in shares of Ford Motor by 14,373.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer's stock worth $93,830,000 after buying an additional 8,824,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer's stock worth $453,732,000 after buying an additional 7,793,944 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Ford Motor by 112.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer's stock valued at $126,477,000 after acquiring an additional 6,348,185 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Ford Motor by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer's stock valued at $1,294,752,000 after acquiring an additional 5,270,562 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new stake in Ford Motor during the 3rd quarter worth approximately $55,456,000. 58.74% of the stock is owned by institutional investors and hedge funds.
Ford Motor Company Profile
(
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.
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