Ford Motor (NYSE:F) Trading Down 1.7% – What’s Next?

Ford Motor (NYSE:F)’s stock price dropped 1.7% during trading on Tuesday . The stock traded as low as $11.04 and last traded at $11.21. Approximately 15,935,883 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 53,946,094 shares. The stock had previously closed at $11.40.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on F. Wolfe Research initiated coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The stock has a market capitalization of $44.13 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 2.08 and a beta of 1.62. The stock’s 50 day moving average is $10.85 and its two-hundred day moving average is $11.44.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion for 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. On average, equities analysts anticipate that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Institutional Trading of Ford Motor

A number of hedge funds have recently bought and sold shares of the business. ING Groep NV raised its holdings in shares of Ford Motor by 93.4% during the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after acquiring an additional 570,293 shares during the period. OneAscent Financial Services LLC acquired a new stake in Ford Motor during the third quarter worth about $545,000. GSA Capital Partners LLP raised its stake in Ford Motor by 20.8% during the third quarter. GSA Capital Partners LLP now owns 91,278 shares of the auto manufacturer’s stock worth $964,000 after purchasing an additional 15,729 shares during the period. Czech National Bank boosted its holdings in Ford Motor by 6.5% in the 3rd 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 during the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Ford Motor in the 3rd quarter valued at approximately $938,000. Institutional investors and hedge funds 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.