Ford Motor (NYSE:F) Stock Price Down 0.3% Following Analyst Downgrade

Ford Motor (NYSE:F)’s share price was down 0.3% during trading on Friday after Piper Sandler lowered their price target on the stock from $13.00 to $9.00. Piper Sandler currently has a neutral rating on the stock. Ford Motor traded as low as $9.83 and last traded at $9.98. Approximately 34,333,340 shares changed hands during trading, a decline of 44% from the average daily volume of 61,145,066 shares. The stock had previously closed at $10.01.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada lowered their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Evercore ISI lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. Finally, Bank of America lowered their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.50.

Institutional Trading of Ford Motor

Several institutional investors have recently made changes to their positions in the stock. Hager Investment Management Services LLC bought a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new position in Ford Motor during the fourth quarter valued at approximately $30,000. Spurstone Advisory Services LLC bought a new position in shares of Ford Motor in the fourth quarter valued at approximately $31,000. Finally, Kentucky Trust Co bought a new position in shares of Ford Motor in the fourth quarter valued at approximately $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

The company has a market cap of $39.50 billion, a P/E ratio of 6.83, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. 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’s 50-day moving average price is $9.73 and its 200 day moving average price is $10.31.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating 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, research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.02%. 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.