Ford Motor (NYSE:F) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Ford Motor (NYSE:F) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other equities analysts have also weighed in on the company. Royal Bank Of Canada raised their target price on Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, July 29th. Wells Fargo & Company upped their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. The Goldman Sachs Group increased their price objective on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. TD Cowen raised their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $15.68.

Ford Motor Stock Performance

Shares of F opened at $14.43 on Friday. The company’s fifty day moving average is $14.54 and its 200-day moving average is $13.47. Ford Motor has a 12 month low of $10.86 and a 12 month high of $17.78. The firm has a market cap of $57.50 billion, a price-to-earnings ratio of -7.72, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. Ford Motor’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. Equities analysts expect that Ford Motor will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is -32.09%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently bought and sold shares of F. MV Capital Management Inc. acquired a new position in shares of Ford Motor during the 4th quarter worth about $25,000. McMillan Office Inc. bought a new stake in Ford Motor during the 4th quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID grew its holdings in Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,230 shares during the last quarter. Johnson Financial Group Inc. grew its holdings in Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares during the last quarter. Finally, Caldwell Trust Co increased its position in Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 2,175 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.