Ford Motor (NYSE:F) Stock Price Down 1.9% Following Analyst Downgrade

Ford Motor (NYSE:F)’s share price traded down 1.9% during mid-day trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $13.00 to $11.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as low as $9.65 and last traded at $9.71. 41,542,250 shares were traded during mid-day trading, a decline of 34% from the average session volume of 63,349,260 shares. The stock had previously closed at $9.90.

F has been the subject of a number of other research reports. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. BNP Paribas raised Ford Motor to a “hold” rating in a research report on Monday, February 10th. Evercore ISI cut their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. TD Cowen initiated coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective on the stock. Finally, Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.37.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently added to or reduced their stakes in the business. Albion Financial Group UT lifted its holdings in Ford Motor by 38.5% during the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock worth $36,000 after purchasing an additional 1,000 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Ford Motor by 5.4% in the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock valued at $195,000 after acquiring an additional 1,001 shares during the period. Angeles Wealth Management LLC grew its stake in shares of Ford Motor by 1.3% in the fourth quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock valued at $799,000 after acquiring an additional 1,024 shares in the last quarter. Atlas Brown Inc. increased its position in Ford Motor by 1.7% during the fourth quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock worth $627,000 after acquiring an additional 1,047 shares during the period. Finally, Cornerstone Wealth Group LLC boosted its holdings in Ford Motor by 10.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock valued at $113,000 after purchasing an additional 1,098 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock’s 50-day simple moving average is $9.75 and its 200-day simple moving average is $10.28. The stock has a market cap of $38.54 billion, a price-to-earnings ratio of 6.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share 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%. Analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is presently 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.