Ford Motor (NYSE:F) Downgraded by Morgan Stanley to “Equal Weight”

Morgan Stanley lowered shares of Ford Motor (NYSE:F) from an overweight rating to an equal weight rating in a research report released on Wednesday morning, MarketBeat.com reports. The firm currently has $12.00 target price on the auto manufacturer’s stock, down from their prior target price of $16.00.

A number of other research analysts have also recently weighed in on the stock. Wolfe Research assumed coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a peer perform rating for the company. Barclays dropped their price target on shares of Ford Motor from $17.00 to $16.00 and set an overweight rating for the company in a research note on Thursday, July 25th. StockNews.com upgraded Ford Motor from a sell rating to a hold rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reissued a hold rating and set a $11.00 target price on shares of Ford Motor in a research note on Tuesday, September 10th. Finally, Evercore ISI raised Ford Motor to a hold rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of $12.64.

Ford Motor Stock Up 0.8 %

Shares of NYSE F opened at $10.77 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The business’s 50 day moving average is $10.93 and its two-hundred day moving average is $11.99. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The firm has a market cap of $43.00 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 0.79 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The firm had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. Ford Motor’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.57%. Ford Motor’s dividend payout ratio is presently 61.86%.

Hedge Funds Weigh In On Ford Motor

Several large investors have recently bought and sold shares of the stock. Pinnacle Associates Ltd. grew its position in shares of Ford Motor by 2.6% during the first quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock worth $432,000 after acquiring an additional 817 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Ford Motor by 1.7% in the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after buying an additional 836 shares during the last quarter. Insight Wealth Partners LLC raised its holdings in shares of Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after buying an additional 843 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Ford Motor by 2.9% during the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after buying an additional 846 shares during the last quarter. Finally, RB Capital Management LLC increased its position in Ford Motor by 2.9% in the 1st quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock valued at $403,000 after acquiring an additional 857 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.