Ford Motor (NYSE:F) Stock Price Down 2.9% Following Analyst Downgrade

Shares of Ford Motor (NYSE:F) dropped 2.9% during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $10.00 to $8.00. Barclays currently has an equal weight rating on the stock. Ford Motor traded as low as $9.44 and last traded at $9.43. Approximately 33,470,972 shares changed hands during trading, a decline of 53% from the average daily volume of 70,506,868 shares. The stock had previously closed at $9.71.

F has been the subject of a number of other reports. StockNews.com downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. BNP Paribas raised Ford Motor to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada dropped their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, TD Cowen started coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target for the company. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.30.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after buying an additional 336,720 shares during the last quarter. NCP Inc. boosted its holdings in shares of Ford Motor by 62.0% during the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after buying an additional 28,528 shares in the last quarter. Principal Financial Group Inc. lifted its position in Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after acquiring an additional 160,409 shares during the period. Alberta Investment Management Corp grew its holdings in Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after purchasing an additional 91,300 shares during the period. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $10,853,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

The business has a 50-day moving average price of $9.58 and a 200 day moving average price of $10.15. The stock has a market capitalization of $37.30 billion, a P/E ratio of 6.45, a PEG ratio of 0.61 and a beta of 1.41. 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 earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate 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 forecast that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 yield of 6.38%. Ford Motor’s dividend payout ratio (DPR) is 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.