Ford Motor (NYSE:F) Trading Down 2.3% – Should You Sell?

by · The Markets Daily

Ford Motor Company (NYSE:F – Get Free Report) shares dropped 2.3% during trading on Thursday . The company traded as low as $15.22 and last traded at $15.3550. Approximately 50,032,552 shares were traded during trading, a decline of 21% from the average daily volume of 63,688,625 shares. The stock had previously closed at $15.71.

Analysts Set New Price Targets

F has been the subject of a number of analyst reports. Citigroup raised their price target on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. The Goldman Sachs Group cut their price target on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Morgan Stanley restated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.20.

Read Our Latest Stock Analysis on F

Ford Motor Trading Down 2.3%

The company has a market cap of $61.18 billion, a price-to-earnings ratio of -9.91, a price-to-earnings-growth ratio of 0.35 and a beta of 1.79. The company’s fifty day moving average price is $12.99 and its two-hundred day moving average price is $13.19. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share. Research analysts expect that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio is presently -38.71%.

Institutional Trading of Ford Motor

Large investors have recently made changes to their positions in the business. Caxton Associates LLP acquired a new stake in shares of Ford Motor in the first quarter valued at approximately $304,000. Empowered Funds LLC increased its holdings in shares of Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after purchasing an additional 43,385 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Ford Motor in the second quarter valued at approximately $172,000. NewEdge Advisors LLC increased its holdings in shares of Ford Motor by 26.3% in the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after purchasing an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Ford Motor by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after purchasing an additional 26,526 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

(Get Free Report)

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

Recommended Stories