Ford Motor (NYSE:F) Shares Down 2.5% Following Analyst Downgrade

Ford Motor (NYSE:F - Get Free Report) dropped 2.5% on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $13.00 to $11.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as low as $9.82 and last traded at $10.05. Approximately 78,756,465 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 62,802,576 shares. The stock had previously closed at $10.30.

F has been the subject of several other reports. Jefferies Financial Group downgraded Ford Motor from a "hold" rating to an "underperform" rating and lowered their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Bank of America lowered their target price on Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a report on Thursday, February 6th. Royal Bank of Canada cut their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Barclays cut Ford Motor from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, TD Cowen assumed coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of "Hold" and an average price target of $11.37.

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Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently modified their holdings of F. Mascagni Wealth Management Inc. bought a new position in shares of Ford Motor in the 4th quarter valued at $87,000. Chancellor Financial Group WB LP acquired a new position in shares of Ford Motor during the fourth quarter worth $182,000. Tableaux LLC acquired a new position in shares of Ford Motor during the fourth quarter worth $148,000. Northstar Financial Companies Inc. bought a new stake in shares of Ford Motor in the fourth quarter worth $154,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in Ford Motor in the fourth quarter valued at $31,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

The company has a 50-day moving average of $9.75 and a 200-day moving average of $10.28. The firm has a market capitalization of $38.54 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. Ford Motor's dividend payout ratio (DPR) is presently 41.10%.

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.