Ford Motor (NYSE:F) Stock Price Down 3.3% – What’s Next?

Ford Motor (NYSE:F)’s share price fell 3.3% during trading on Tuesday . The stock traded as low as $9.98 and last traded at $10.04. 33,004,398 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 60,114,156 shares. The stock had previously closed at $10.38.

Wall Street Analyst Weigh In

Several equities analysts recently commented on F shares. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.82.

Ford Motor Trading Down 0.6 %

The firm has a market cap of $40.32 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.93 and a beta of 1.64. The business’s 50 day moving average is $10.24 and its 200-day moving average is $10.76. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts forecast that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of F. Marshall Wace LLP raised its holdings in shares of Ford Motor by 117.8% in the 2nd quarter. Marshall Wace LLP now owns 387,859 shares of the auto manufacturer’s stock worth $4,864,000 after purchasing an additional 209,756 shares in the last quarter. Algert Global LLC purchased a new position in Ford Motor in the 2nd quarter worth about $214,000. NewEdge Advisors LLC raised its holdings in Ford Motor by 38.4% during the 2nd quarter. NewEdge Advisors LLC now owns 284,525 shares of the auto manufacturer’s stock worth $3,568,000 after buying an additional 78,926 shares during the period. Sunbelt Securities Inc. raised its holdings in Ford Motor by 26.9% during the 2nd quarter. Sunbelt Securities Inc. now owns 33,499 shares of the auto manufacturer’s stock worth $420,000 after buying an additional 7,107 shares during the period. Finally, Quarry LP acquired a new position in shares of Ford Motor in the second quarter worth about $27,000. Institutional investors own 58.74% of the company’s stock.

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.