Ford Motor (NYSE:F) Trading Down 2.2% – Here’s Why

Ford Motor (NYSE:F) dropped 2.2% during mid-day trading on Wednesday . The company traded as low as $9.47 and last traded at $9.48. Approximately 33,556,765 shares changed hands during trading, a decline of 62% from the average daily volume of 88,800,789 shares. The stock had previously closed at $9.69.

Analysts Set New Price Targets

F has been the subject of a number of research reports. Evercore ISI reduced 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. TD Cowen assumed coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 target price for the company. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada cut their target price on shares of 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. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.77.

Ford Motor Stock Performance

The firm has a market capitalization of $38.43 billion, a price-to-earnings ratio of 6.63, a P/E/G ratio of 0.61 and a beta of 1.59. The stock’s fifty day moving average is $9.71 and its two-hundred day moving average is $10.35. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 6.19%. Ford Motor’s dividend payout ratio is presently 41.10%.

Institutional Trading of Ford Motor

Hedge funds have recently modified their holdings of the stock. Hager Investment Management Services LLC purchased a new position in shares of Ford Motor in the 4th quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor during the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of Ford Motor during the fourth quarter valued at about $30,000. Kentucky Trust Co bought a new stake in shares of Ford Motor during the fourth quarter valued at about $31,000. Finally, Spurstone Advisory Services LLC bought a new stake in shares of Ford Motor during the fourth quarter valued at about $31,000. 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.