Ford Motor (NYSE:F - Get Free Report)'s share price was down 3.6% during trading on Thursday after StockNews.com downgraded the stock from a hold rating to a sell rating. The company traded as low as $9.03 and last traded at $9.16. Approximately 36,007,770 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 69,092,704 shares. The stock had previously closed at $9.50.
A number of other analysts have also commented on the company. Royal Bank of Canada lowered their price objective on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Piper Sandler lowered their price target on Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. BNP Paribas raised shares of Ford Motor to a "hold" rating in a report on Monday, February 10th. Jefferies Financial Group downgraded shares of Ford Motor from a "hold" rating to an "underperform" rating and lowered their target price for the company from $12.00 to $9.00 in a report on Monday, December 16th. Finally, Bank of America dropped their target price on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.50.
Read Our Latest Stock Report on Ford Motor
Institutional Investors Weigh In On Ford Motor
Institutional investors and hedge funds have recently modified their holdings of the company. Albion Financial Group UT increased its holdings in Ford Motor by 38.5% during the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer's stock worth $36,000 after acquiring an additional 1,000 shares during the period. Brighton Jones LLC increased its holdings in shares of Ford Motor by 5.4% in the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer's stock worth $195,000 after purchasing an additional 1,001 shares during the period. Angeles Wealth Management LLC raised its position in shares of Ford Motor by 1.3% in the fourth quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer's stock worth $799,000 after buying an additional 1,024 shares in the last quarter. Atlas Brown Inc. grew its position in Ford Motor by 1.7% during the fourth quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer's stock worth $627,000 after buying an additional 1,047 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its holdings in shares of Ford Motor by 10.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer's stock valued at $113,000 after acquiring an additional 1,098 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Trading Up 4.3 %
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 stock has a 50-day moving average price of $9.58 and a 200-day moving average price of $10.17. The stock has a market cap of $38.56 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.41.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping 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 research analysts expect that Ford Motor will post 1.47 EPS for the current year.
Ford Motor Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.17%. Ford Motor's payout ratio is 41.10%.
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.
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