Ford Motor (NYSE:F) Stock Price Down 0.2% on Analyst Downgrade

Ford Motor (NYSE:F)’s share price fell 0.2% during trading on Tuesday after Evercore ISI lowered their price target on the stock from $11.00 to $10.00. Evercore ISI currently has an in-line rating on the stock. Ford Motor traded as low as $9.17 and last traded at $9.23. 15,229,325 shares changed hands during trading, a decline of 80% from the average session volume of 77,877,594 shares. The stock had previously closed at $9.24.

Other research analysts have also recently issued reports about the company. Bank of America reduced their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.89.

Hedge Funds Weigh In On Ford Motor

Several large investors have recently modified their holdings of F. Hager Investment Management Services LLC purchased a new stake in shares of Ford Motor in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in Ford Motor during the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor during the 4th quarter worth about $30,000. Kentucky Trust Co purchased a new stake in Ford Motor during the 4th quarter worth about $31,000. Finally, Reston Wealth Management LLC purchased a new stake in Ford Motor during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Up 0.3 %

The company has a fifty day simple moving average of $10.00 and a two-hundred day simple moving average of $10.50. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.31. The company has a market cap of $36.72 billion, a PE ratio of 6.33, a P/E/G ratio of 1.80 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Analysts anticipate that Ford Motor will post 1.7 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.49%. Ford Motor’s payout ratio is currently 41.10%.

Ford Motor Company Profile

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.