Ford Motor (NYSE:F) Stock Price Down 3% – What’s Next?

Shares of Ford Motor Company (NYSE:F – Get Free Report) dropped 3% during trading on Friday. The company traded as low as $11.44 and last traded at $11.5850. 43,721,035 shares were traded during trading, a decline of 22% from the average session volume of 55,959,227 shares. The stock had previously closed at $11.94.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group decreased their price objective on shares of Ford Motor from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. The Goldman Sachs Group cut their target price on shares of Ford Motor from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. Royal Bank Of Canada lifted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, TD Cowen increased their price target on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and an average target price of $15.36.

Read Our Latest Stock Analysis on Ford Motor

Ford Motor Stock Performance

The company has a fifty day moving average of $13.12 and a two-hundred day moving average of $13.57. The firm has a market capitalization of $46.20 billion, a price-to-earnings ratio of -6.20, a PEG ratio of 0.24 and a beta of 1.93. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. As a group, equities research analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor’s payout ratio is presently -32.09%.

Hedge Funds Weigh In On Ford Motor

Several institutional investors and hedge funds have recently modified their holdings of F. BlackRock Inc. bought a new stake in shares of Ford Motor in the second quarter valued at approximately $4,649,131,000. Bank of America Corp DE increased its stake in Ford Motor by 318.0% during the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after acquiring an additional 55,100,244 shares during the period. Bank of New York Mellon Corp bought a new position in Ford Motor during the 2nd quarter worth $717,218,000. Deutsche Bank AG bought a new position in Ford Motor during the 2nd quarter worth $267,563,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Ford Motor during the 2nd quarter worth $132,567,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

About Ford Motor

(Get Free Report)

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.

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