Ford Motor (NYSE:F) Trading Down 2.7% – What’s Next?

Ford Motor Company (NYSE:F) fell 2.7% during mid-day trading on Wednesday . The company traded as low as $13.29 and last traded at $13.3050. 58,124,805 shares were traded during trading, a decline of 38% from the average session volume of 93,416,539 shares. The stock had previously closed at $13.67.

Analyst Ratings Changes

Several brokerages have weighed in on F. Evercore ISI boosted their price target on Ford Motor from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Monday, November 24th. Wells Fargo & Company lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and raised their price target for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. Citigroup lifted their price target on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. Finally, UBS Group upped their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.04.

Ford Motor Trading Down 2.7%

The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The company has a market capitalization of $53.01 billion, a PE ratio of 11.47 and a beta of 1.60. The business has a fifty day moving average price of $12.87 and a 200 day moving average price of $11.88.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. Analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. Ford Motor’s dividend payout ratio (DPR) is 51.72%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirabella Financial Services LLP raised its position in shares of Ford Motor by 250.5% during the third quarter. Mirabella Financial Services LLP now owns 165,592 shares of the auto manufacturer’s stock worth $1,977,000 after purchasing an additional 118,345 shares during the period. Investment Research Partners LLC acquired a new stake in Ford Motor during the 3rd quarter worth about $566,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Ford Motor during the 3rd quarter worth about $32,000. CIBC Private Wealth Group LLC increased its holdings in shares of Ford Motor by 30.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 72,644 shares of the auto manufacturer’s stock valued at $869,000 after purchasing an additional 17,121 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Ford Motor during the third quarter worth approximately $6,449,000. Institutional investors own 58.74% of the company’s stock.

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.