Ford Motor (NYSE:F) Shares Down 3.3% – Here’s Why

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on F shares. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average price target of $11.82.

Ford Motor Trading Down 2.9 %

The firm has a market cap of $40.05 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.93 and a beta of 1.64. The business’s 50 day moving average price is $10.27 and its 200-day moving average price is $10.79. 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 issued 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 the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. Equities analysts expect that Ford Motor will post 1.77 EPS for the current year.

Institutional Trading of Ford Motor

Institutional investors and hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board increased its position in Ford Motor by 76.0% in the second quarter. Public Sector Pension Investment Board now owns 153,112 shares of the auto manufacturer’s stock worth $1,920,000 after buying an additional 66,123 shares during the period. Marshall Wace LLP raised its holdings in shares of Ford Motor by 117.8% during the second quarter. Marshall Wace LLP now owns 387,859 shares of the auto manufacturer’s stock valued at $4,864,000 after buying an additional 209,756 shares during the last quarter. Algert Global LLC acquired a new position in shares of Ford Motor during the second quarter worth approximately $214,000. Creative Planning grew its holdings in Ford Motor by 0.6% in the 2nd quarter. Creative Planning now owns 1,940,973 shares of the auto manufacturer’s stock worth $24,340,000 after buying an additional 12,050 shares in the last quarter. Finally, Silver Lake Advisory LLC acquired a new stake in Ford Motor in the 2nd quarter valued at approximately $159,000. 58.74% of the stock is owned by institutional investors and hedge funds.

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.