Barclays Cuts Ford Motor (NYSE:F) Price Target to $8.00

Ford Motor (NYSE:F) had its target price cut by Barclays from $10.00 to $8.00 in a report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the auto manufacturer’s stock.

A number of other research analysts have also issued reports on the company. UBS Group reduced their price objective on Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Evercore ISI cut their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Finally, Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and cut their price target for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.30.

Ford Motor Price Performance

Shares of NYSE F opened at $9.63 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $38.16 billion, a price-to-earnings ratio of 6.59, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85. The business has a 50 day simple moving average of $9.59 and a 200-day simple moving average of $10.14.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, equities research analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Institutional Trading of Ford Motor

Large investors have recently added to or reduced their stakes in the business. Grove Bank & Trust raised its holdings in Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,882 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Ford Motor during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor in the 4th quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor in the 4th quarter valued at approximately $30,000. Finally, Kentucky Trust Co acquired a new position in Ford Motor in the 4th quarter worth approximately $31,000. 58.74% of the stock is currently owned by institutional investors.

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.