Ford Motor (NYSE:F) Shares Down 0.2% on Analyst Downgrade

Ford Motor (NYSE:F) shares fell 0.2% during trading on Friday after Royal Bank of Canada lowered their price target on the stock from $10.00 to $9.00. Royal Bank of Canada currently has a sector perform rating on the stock. Ford Motor traded as low as $9.18 and last traded at $9.25. 49,443,628 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 76,719,945 shares. The stock had previously closed at $9.26.

A number of other research firms also recently commented on F. Wells Fargo & Company dropped their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Bank of America lowered their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.96.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Algert Global LLC bought a new stake in Ford Motor in the 2nd quarter worth $214,000. Czech National Bank lifted its holdings in shares of Ford Motor by 6.5% in the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock worth $8,403,000 after buying an additional 48,456 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ford Motor by 19.6% in the third quarter. GAMMA Investing LLC now owns 44,300 shares of the auto manufacturer’s stock worth $468,000 after buying an additional 7,256 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Ford Motor by 8.5% in the third quarter. Brookstone Capital Management now owns 955,129 shares of the auto manufacturer’s stock worth $10,086,000 after buying an additional 75,193 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC purchased a new position in shares of Ford Motor in the third quarter worth $149,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 0.6 %

The stock’s 50 day moving average is $10.10 and its 200-day moving average is $10.60. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The company has a market cap of $36.60 billion, a PE ratio of 10.51, a P/E/G ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last announced its quarterly earnings data 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 net margin of 1.93% and a return on equity of 16.16%. As a group, sell-side analysts anticipate that Ford Motor will post 1.78 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.52%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s payout ratio is currently 68.18%.

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.