Ford Motor (NYSE:F) Stock Price Down 6.3% After Analyst Downgrade

Ford Motor (NYSE:F)’s stock price traded down 6.3% during mid-day trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $9.00 to $8.00. Wells Fargo & Company currently has an underweight rating on the stock. Ford Motor traded as low as $9.28 and last traded at $9.38. 95,852,260 shares changed hands during mid-day trading, an increase of 32% from the average session volume of 72,649,727 shares. The stock had previously closed at $10.01.

Other equities analysts have also recently issued reports about the stock. Bank of America decreased their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lowered their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.04.

Institutional Investors Weigh In On Ford Motor

Several large investors have recently modified their holdings of the stock. Algert Global LLC bought a new stake in shares of Ford Motor during the second quarter worth $214,000. Czech National Bank increased its stake in Ford Motor by 6.5% during the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock worth $8,403,000 after purchasing an additional 48,456 shares in the last quarter. GAMMA Investing LLC lifted its position in Ford Motor by 19.6% in the 3rd quarter. GAMMA Investing LLC now owns 44,300 shares of the auto manufacturer’s stock valued at $468,000 after acquiring an additional 7,256 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Ford Motor by 27.0% during the third quarter. Diversified Trust Co now owns 130,443 shares of the auto manufacturer’s stock worth $1,377,000 after buying an additional 27,749 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in shares of Ford Motor by 8.5% in the third quarter. Brookstone Capital Management now owns 955,129 shares of the auto manufacturer’s stock worth $10,086,000 after purchasing an additional 75,193 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

The company has a market capitalization of $37.30 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 1.96 and a beta of 1.63. The stock’s 50 day moving average price is $10.14 and its 200 day moving average price is $10.61. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last announced its quarterly earnings results 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 1.93% and a return on equity of 16.16%. Analysts expect that Ford Motor will post 1.78 earnings per share for the current year.

About Ford Motor

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.