Ford Motor (NYSE:F) Shares Down 1.2% – What’s Next?

13 Nov 2024, 00:12 by Danessa Lincoln · The Markets Daily

Ford Motor (NYSE:F – Get Free Report) shares traded down 1.2% during mid-day trading on Tuesday . The company traded as low as $11.07 and last traded at $11.09. 12,146,168 shares were traded during trading, a decline of 77% from the average session volume of 53,721,938 shares. The stock had previously closed at $11.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on F shares. Wells Fargo & Company cut their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wolfe Research initiated coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.02.

Check Out Our Latest Analysis on F

Ford Motor Stock Down 1.1 %

The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The stock has a market capitalization of $44.13 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.99 and a beta of 1.62. The stock has a fifty day moving average price of $10.77 and a 200 day moving average price of $11.54.

Ford Motor (NYSE:F – Get Free Report) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. On average, research analysts forecast that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in F. Olistico Wealth LLC purchased a new position in Ford Motor during the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in Ford Motor during the second quarter valued at $26,000. Quarry LP bought a new position in shares of Ford Motor in the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC purchased a new position in shares of Ford Motor during the 2nd quarter worth $28,000. Finally, Kimelman & Baird LLC bought a new stake in Ford Motor during the second quarter valued at about $30,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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