Ford Motor (NYSE:F) Stock Price Down 0.8% on Analyst Downgrade

Ford Motor (NYSE:F)’s share price fell 0.8% on Friday after StockNews.com downgraded the stock from a hold rating to a sell rating. The company traded as low as $9.04 and last traded at $9.07. 29,479,127 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 69,515,840 shares. The stock had previously closed at $9.14.

F has been the subject of several other reports. TD Cowen initiated coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 price objective for the company. Royal Bank of Canada reduced their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Bank of America cut their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. The Goldman Sachs Group restated a “neutral” rating and set a $9.00 price target (down from $11.00) on shares of Ford Motor in a research report on Thursday. Finally, BNP Paribas upgraded Ford Motor to a “hold” rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Cranbrook Wealth Management LLC boosted its stake in shares of Ford Motor by 150.1% during the 1st quarter. Cranbrook Wealth Management LLC now owns 17,262 shares of the auto manufacturer’s stock worth $173,000 after buying an additional 10,361 shares during the last quarter. Pines Wealth Management LLC raised its stake in shares of Ford Motor by 15.3% during the 1st quarter. Pines Wealth Management LLC now owns 38,904 shares of the auto manufacturer’s stock worth $390,000 after purchasing an additional 5,156 shares in the last quarter. Sovereign Financial Group Inc. grew its stake in shares of Ford Motor by 7.4% in the first quarter. Sovereign Financial Group Inc. now owns 33,903 shares of the auto manufacturer’s stock valued at $340,000 after buying an additional 2,344 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in Ford Motor by 27.8% during the first quarter. SeaCrest Wealth Management LLC now owns 56,964 shares of the auto manufacturer’s stock worth $571,000 after buying an additional 12,383 shares during the last quarter. Finally, Oxinas Partners Wealth Management LLC raised its position in Ford Motor by 124.3% during the first quarter. Oxinas Partners Wealth Management LLC now owns 23,330 shares of the auto manufacturer’s stock worth $234,000 after acquiring an additional 12,930 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Trading Up 2.0 %

The business’s 50 day simple moving average is $9.58 and its 200 day simple moving average is $10.17. The stock has a market cap of $36.96 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 0.61 and a beta of 1.41. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.43%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

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.