Ford Motor (NYSE:F) Trading Down 0.7% – Here’s What Happened

Ford Motor (NYSE:F) traded down 0.7% during mid-day trading on Tuesday . The company traded as low as $10.88 and last traded at $10.90. 10,998,019 shares traded hands during trading, a decline of 80% from the average session volume of 53,656,188 shares. The stock had previously closed at $10.98.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Barclays reduced their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $12.08.

Ford Motor Stock Performance

The firm’s fifty day moving average price is $10.87 and its 200-day moving average price is $11.39. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The company has a market cap of $42.72 billion, a P/E ratio of 12.22, a P/E/G ratio of 1.97 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. As a group, research analysts forecast that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.58%. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Trading of Ford Motor

A number of large investors have recently added to or reduced their stakes in F. Family Firm Inc. acquired a new stake in shares of Ford Motor in the second quarter valued at about $26,000. Quarry LP acquired a new position in shares of Ford Motor during the second quarter valued at about $27,000. Ridgewood Investments LLC acquired a new position in shares of Ford Motor during the second quarter valued at about $28,000. Kimelman & Baird LLC purchased a new position in Ford Motor during the 2nd quarter worth $30,000. Finally, MFA Wealth Advisors LLC purchased a new position in Ford Motor during the 2nd quarter worth $37,000. Institutional investors and hedge funds 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.