JPMorgan Chase & Co. Issues Pessimistic Forecast for Ford Motor (NYSE:F) Stock Price

Ford Motor (NYSE:F) had its price objective decreased by JPMorgan Chase & Co. from $14.00 to $13.00 in a research report sent to investors on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the auto manufacturer’s stock.

Other equities research analysts have also issued reports about the company. 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 note on Wednesday, October 30th. Bank of America decreased their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday. 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 target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Finally, Royal Bank of Canada cut their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.04.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $9.25 on Friday. Ford Motor has a 52 week low of $9.18 and a 52 week high of $14.85. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.31. The stock has a market cap of $36.76 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The company’s 50-day moving average price is $10.06 and its two-hundred day moving average price is $10.54.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, sell-side analysts anticipate that Ford Motor will post 1.7 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.49%. Ford Motor’s dividend payout ratio is 41.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the 4th quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor during the fourth quarter worth $29,000. Reston Wealth Management LLC bought a new position in Ford Motor during the third quarter valued at about $33,000. Kentucky Trust Co acquired a new stake in shares of Ford Motor in the fourth quarter worth about $31,000. Finally, Access Investment Management LLC bought a new stake in shares of Ford Motor during the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.