Ford Motor (NYSE:F) Stock Price Down 0.9% – Here’s Why

by · The Markets Daily

Ford Motor (NYSE:F – Get Free Report)’s share price traded down 0.9% on Monday . The company traded as low as $9.75 and last traded at $9.79. 12,167,242 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 54,266,758 shares. The stock had previously closed at $9.88.

Analyst Upgrades and Downgrades

F has been the subject of a number of recent analyst reports. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Barclays dropped their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.83.

Read Our Latest Stock Analysis on Ford Motor

Ford Motor Stock Down 0.3 %

The business has a 50-day simple moving average of $10.77 and a two-hundred day simple moving average of $11.24. The company has a market capitalization of $39.15 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.90 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. As a group, equities analysts predict that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Hedge Funds Weigh In On Ford Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new stake in shares of Ford Motor in the second quarter valued at about $26,000. Raymond James Trust N.A. boosted its stake in shares of Ford Motor by 2.1% during the 2nd quarter. Raymond James Trust N.A. now owns 48,901 shares of the auto manufacturer’s stock worth $613,000 after acquiring an additional 1,013 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Ford Motor by 4.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,123,024 shares of the auto manufacturer’s stock worth $14,083,000 after acquiring an additional 47,816 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in Ford Motor by 29.2% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 77,344 shares of the auto manufacturer’s stock valued at $970,000 after purchasing an additional 17,483 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in Ford Motor by 12.7% during the second quarter. Atomi Financial Group Inc. now owns 37,306 shares of the auto manufacturer’s stock worth $468,000 after purchasing an additional 4,190 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

(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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