Ford Motor (NYSE:F) Stock Price Down 2.2% – What’s Next?

Ford Motor (NYSE:F)’s share price dropped 2.2% during mid-day trading on Thursday . The stock traded as low as $10.39 and last traded at $10.50. Approximately 24,744,024 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 53,728,809 shares. The stock had previously closed at $10.74.

Analyst Ratings Changes

Several equities analysts have weighed in on F shares. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Barclays lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft reduced their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.08.

Ford Motor Price Performance

The stock has a market cap of $41.77 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 1.97 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $10.87 and its two-hundred day simple moving average is $11.39.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. On average, analysts forecast that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in the stock. ING Groep NV raised its stake in shares of Ford Motor by 93.4% during the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after buying an additional 570,293 shares during the last quarter. OneAscent Financial Services LLC bought a new position in Ford Motor during the third quarter worth about $545,000. Quantbot Technologies LP raised its position in shares of Ford Motor by 1,157.9% in the 3rd quarter. Quantbot Technologies LP now owns 181,006 shares of the auto manufacturer’s stock valued at $1,911,000 after acquiring an additional 166,617 shares during the period. GSA Capital Partners LLP boosted its stake in Ford Motor by 20.8% during the 3rd quarter. GSA Capital Partners LLP now owns 91,278 shares of the auto manufacturer’s stock worth $964,000 after acquiring an additional 15,729 shares during the last quarter. Finally, Czech National Bank increased its stake in Ford Motor by 6.5% in the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after purchasing an additional 48,456 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

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.