Ford Motor (NYSE:F) Shares Down 3.3% – What’s Next?

Ford Motor (NYSE:F)’s stock price was down 3.3% during mid-day trading on Tuesday . The company traded as low as $9.98 and last traded at $10.04. Approximately 33,004,398 shares changed hands during trading, a decline of 45% from the average daily volume of 60,114,156 shares. The stock had previously closed at $10.38.

Analyst Ratings Changes

Several equities research analysts have weighed in on F shares. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.82.

Ford Motor Stock Performance

The stock’s 50-day moving average price is $10.27 and its 200-day moving average price is $10.79. The company has a market capitalization of $40.05 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.93 and a beta of 1.64. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. As a group, equities research analysts expect that Ford Motor will post 1.77 earnings per share for the current year.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hager Investment Management Services LLC purchased a new stake in shares of Ford Motor in the fourth quarter valued at $26,000. Quarry LP acquired a new position in Ford Motor during the second quarter worth approximately $27,000. Kimelman & Baird LLC purchased a new position in Ford Motor during the second quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new position in shares of Ford Motor in the 3rd quarter valued at $33,000. Finally, Crewe Advisors LLC grew its stake in shares of Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Company Profile

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.