Ford Motor (NYSE:F) Stock Price Down 2.9% on Analyst Downgrade

Ford Motor (NYSE:F) shares fell 2.9% during trading on Tuesday after Barclays lowered their price target on the stock from $10.00 to $8.00. Barclays currently has an equal weight rating on the stock. Ford Motor traded as low as $9.44 and last traded at $9.43. 33,470,972 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 70,506,868 shares. The stock had previously closed at $9.71.

Several other analysts also recently weighed in on F. Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Bank of America dropped their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. TD Cowen initiated coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 price objective for the company. Finally, BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $10.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after buying an additional 57,182,803 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock valued at $1,278,153,000 after purchasing an additional 6,497,321 shares during the last quarter. Geode Capital Management LLC grew its holdings in Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock valued at $830,662,000 after purchasing an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP raised its stake in Ford Motor by 11.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock valued at $460,444,000 after acquiring an additional 4,925,993 shares during the period. Finally, Norges Bank purchased a new stake in Ford Motor during the fourth quarter valued at about $387,282,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

The business’s 50-day simple moving average is $9.58 and its two-hundred day simple moving average is $10.15. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock has a market cap of $37.47 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Sell-side analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.35%. Ford Motor’s dividend payout ratio is currently 41.10%.

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.