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

Ford Motor (NYSE:F)’s stock 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 traded hands 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.

Several other research analysts have also recently commented on the company. TD Cowen assumed coverage on Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 target price for the company. Evercore ISI dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Piper Sandler lowered their price objective on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, Royal Bank of Canada dropped their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Three equities research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.37.

Institutional Investors Weigh In On Ford Motor

Large investors have recently modified their holdings of the business. Hager Investment Management Services LLC acquired a new position in Ford Motor during the fourth quarter worth $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor during the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC bought a new stake in Ford Motor in the fourth quarter valued at approximately $30,000. Kentucky Trust Co bought a new position in shares of Ford Motor during the 4th quarter worth approximately $31,000. Finally, Spurstone Advisory Services LLC bought a new stake in Ford Motor in the 4th quarter valued at $31,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Down 1.8 %

The firm has a market cap of $38.54 billion, a price-to-earnings ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59. The firm has a fifty day simple moving average of $9.75 and a 200-day simple moving average of $10.28. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, sell-side analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. 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.