Ford Motor (NYSE:F) Stock Falls 3% – What’s Next?

Ford Motor Company (NYSE:F) was down 3% during trading on Friday. The company traded as low as $11.44 and last traded at $11.5850. 43,721,035 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 55,959,227 shares. The stock had previously closed at $11.94.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target on the stock in a report on Friday, July 31st. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. UBS Group dropped their price objective on shares of Ford Motor from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. Finally, Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and increased their price objective for the stock from $14.50 to $17.50 in a research note on Monday, July 27th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $15.36.

Ford Motor Price Performance

The firm has a market cap of $46.20 billion, a PE ratio of -6.20, a price-to-earnings-growth ratio of 0.24 and a beta of 1.93. The stock has a 50 day simple moving average of $13.18 and a two-hundred day simple moving average of $13.59. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

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

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. Ford Motor’s payout ratio is presently -32.09%.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently bought and sold shares of the stock. Ninety One UK Ltd acquired a new stake in shares of Ford Motor during the 3rd quarter worth approximately $25,000. Manning & Napier Advisors LLC purchased a new position in shares of Ford Motor during the 2nd quarter valued at approximately $31,000. Legacy Wealth Managment LLC ID increased its holdings in shares of Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares in the last quarter. Caldwell Trust Co lifted its stake in shares of Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 2,175 shares during the period. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Ford Motor by 343.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 2,633 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 2,039 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.