Ford Motor Company (NYSE:F – Get Free Report)’s share price dropped 1.4% during mid-day trading on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $13.98 and last traded at $14.2340. 51,960,249 shares changed hands during trading, a decline of 15% from the average session volume of 61,021,723 shares. The stock had previously closed at $14.43.
Several other brokerages have also recently weighed in on F. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. BNP Paribas Exane increased their price target on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. The Goldman Sachs Group raised their price target on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. TD Cowen boosted their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada raised their target price on Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $15.68.
Institutional Trading of Ford Motor
Ford Motor Stock Performance
The stock has a fifty day moving average of $14.48 and a 200-day moving average of $13.48. The firm has a market capitalization of $54.95 billion, a P/E ratio of -7.37, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.
Ford Motor (NYSE:F – Get Free Report) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. On average, research analysts anticipate that Ford Motor Company will post 1.86 EPS for the current year.
Ford Motor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.4%. Ford Motor’s dividend payout ratio is presently -32.09%.
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.
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