Ford Motor (NYSE:F) Shares Down 1.1% – Here’s What Happened

Ford Motor Company (NYSE:F)’s stock price dropped 1.1% on Friday . The company traded as low as $13.55 and last traded at $13.5650. Approximately 39,601,640 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 62,660,688 shares. The stock had previously closed at $13.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on F shares. Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Jefferies Financial Group upgraded shares of Ford Motor from an “underperform” rating to a “hold” rating and lifted their target price for the company from $9.00 to $12.00 in a report on Monday, October 6th. TD Cowen upped their price target on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Citigroup raised their price objective on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, Barclays boosted their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.19.

Ford Motor Price Performance

The firm has a 50-day moving average of $13.38 and a 200-day moving average of $12.40. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The firm has a market capitalization of $54.05 billion, a P/E ratio of 11.69 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. The firm had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. As a group, analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Institutional Trading of Ford Motor

A number of institutional investors have recently made changes to their positions in the stock. Trust Co. of Toledo NA OH purchased a new position in shares of Ford Motor during the second quarter valued at approximately $25,000. Corsicana & Co. purchased a new stake in Ford Motor during the 3rd quarter valued at $25,000. Grove Bank & Trust raised its stake in Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. Olistico Wealth LLC bought a new position in shares of Ford Motor during the 4th quarter valued at $26,000. Finally, Country Trust Bank purchased a new position in shares of Ford Motor in the 2nd quarter worth $27,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.