Ford Motor (NYSE:F) Hits New 1-Year Low Following Analyst Downgrade

Ford Motor (NYSE:F)’s share price reached a new 52-week low during mid-day trading on Thursday after Bank of America lowered their price target on the stock from $19.00 to $15.50. Bank of America currently has a buy rating on the stock. Ford Motor traded as low as $9.39 and last traded at $9.37, with a volume of 30988872 shares. The stock had previously closed at $10.01.

Several other research firms have also issued reports on F. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.13.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Hager Investment Management Services LLC acquired a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor during the 4th quarter worth about $29,000. Kentucky Trust Co bought a new position in Ford Motor in the 4th quarter valued at about $31,000. Reston Wealth Management LLC acquired a new stake in Ford Motor during the third quarter worth approximately $33,000. Finally, Crewe Advisors LLC boosted its holdings in shares of Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 2,068 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

The company has a market cap of $37.14 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63. The stock has a 50 day moving average price of $10.14 and a two-hundred day moving average price of $10.61. 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 released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. On average, research analysts predict that Ford Motor will post 1.78 earnings per share for the current fiscal year.

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.