Ford Motor (NYSE:F) Stock Price Down 1.5% on Analyst Downgrade

Ford Motor Company (NYSE:F)’s share price was down 1.5% during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $17.00 to $16.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as low as $11.96 and last traded at $11.9850. Approximately 29,690,460 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 56,815,664 shares. The stock had previously closed at $12.17.

F has been the subject of a number of other reports. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research report on Friday, July 31st. Piper Sandler boosted their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings lowered shares of Ford Motor from a “buy (b)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Finally, Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average target price of $15.36.

Institutional Trading of Ford Motor

A number of institutional investors have recently made changes to their positions in the business. Balefire LLC acquired a new stake in Ford Motor in the third quarter worth about $145,000. Riversedge Advisors LLC purchased a new position in shares of Ford Motor in the 3rd quarter valued at approximately $135,000. Wedmont Private Capital raised its position in shares of Ford Motor by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 41,716 shares of the auto manufacturer’s stock valued at $511,000 after purchasing an additional 1,750 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Ford Motor by 6.0% in the 3rd quarter. GAMMA Investing LLC now owns 120,927 shares of the auto manufacturer’s stock valued at $1,458,000 after purchasing an additional 6,856 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Ford Motor by 217.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 611,822 shares of the auto manufacturer’s stock worth $7,379,000 after purchasing an additional 419,337 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 1.5%

The business’s 50 day moving average is $13.52 and its 200 day moving average is $13.55. The company has a market capitalization of $47.79 billion, a price-to-earnings ratio of -6.41, a PEG ratio of 0.25 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) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (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 the consensus estimate of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Sell-side analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s payout ratio is presently -32.09%.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.