Ford Motor (NYSE:F) Hits New 1-Year Low – Here’s Why

Ford Motor (NYSE:F) shares reached a new 52-week low on Wednesday . The stock traded as low as $9.11 and last traded at $9.15, with a volume of 4028993 shares traded. The stock had previously closed at $9.21.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on F shares. Bank of America cut their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Royal Bank of Canada dropped their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $11.89.

Ford Motor Trading Down 0.6 %

The business’s 50 day moving average price is $10.00 and its two-hundred day moving average price is $10.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.98 and a current ratio of 1.16. The company has a market capitalization of $36.38 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63.

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, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities analysts forecast that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.55%. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently bought and sold shares of F. Hager Investment Management Services LLC acquired a new position in Ford Motor in the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Ford Motor in the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of Ford Motor in the fourth quarter worth approximately $30,000. Kentucky Trust Co acquired a new stake in shares of Ford Motor during the fourth quarter valued at approximately $31,000. Finally, Reston Wealth Management LLC acquired a new position in Ford Motor in the 3rd quarter worth approximately $33,000. 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.