Ford Motor (NYSE:F - Get Free Report)'s stock price traded down 0.5% during mid-day trading on Thursday after Piper Sandler lowered their price target on the stock from $13.00 to $9.00. Piper Sandler currently has a neutral rating on the stock. Ford Motor traded as low as $9.99 and last traded at $10.12. 21,925,327 shares traded hands during trading, a decline of 64% from the average session volume of 60,929,493 shares. The stock had previously closed at $10.17.
Other equities analysts have also recently issued research reports about the company. BNP Paribas raised Ford Motor to a "hold" rating in a research note on Monday, February 10th. Jefferies Financial Group cut Ford Motor from a "hold" rating to an "underperform" rating and dropped their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on Ford Motor from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Barclays cut 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. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $11.50.
View Our Latest Stock Report on F
Institutional Investors Weigh In On Ford Motor
Several institutional investors have recently made changes to their positions in F. Empowered Funds LLC lifted its holdings in shares of Ford Motor by 6.3% during the 3rd quarter. Empowered Funds LLC now owns 94,227 shares of the auto manufacturer's stock valued at $995,000 after buying an additional 5,557 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Ford Motor during the 3rd quarter valued at about $96,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Ford Motor in the 3rd quarter valued at approximately $1,373,000. PNC Financial Services Group Inc. raised its stake in shares of Ford Motor by 17.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,093,785 shares of the auto manufacturer's stock valued at $11,550,000 after acquiring an additional 158,960 shares in the last quarter. Finally, Commerce Bank raised its stake in shares of Ford Motor by 4.9% in the 3rd quarter. Commerce Bank now owns 144,810 shares of the auto manufacturer's stock valued at $1,529,000 after acquiring an additional 6,814 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Price Performance
The stock has a 50 day moving average of $9.73 and a two-hundred day moving average of $10.29. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The firm has a market capitalization of $39.81 billion, a P/E ratio of 6.88, a P/E/G ratio of 0.61 and a beta of 1.59.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share 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%. Sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor's payout ratio is 41.10%.
Ford Motor Company Profile
(
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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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