Ford Motor (NYSE:F) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Ford Motor (NYSE:F) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research note on Friday, July 31st. TD Cowen raised their target price on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group boosted their price target on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.68.

Ford Motor Stock Down 0.8%

F opened at $14.13 on Tuesday. Ford Motor has a fifty-two week low of $11.06 and a fifty-two week high of $17.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm’s fifty day moving average price is $14.48 and its two-hundred day moving average price is $13.48. The company has a market capitalization of $56.30 billion, a P/E ratio of -7.56, a P/E/G ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, analysts anticipate that Ford Motor will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Ford Motor’s payout ratio is -32.09%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of F. MV Capital Management Inc. bought a new position in Ford Motor in the 4th quarter valued at $25,000. McMillan Office Inc. acquired a new stake in shares of Ford Motor in the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID raised its holdings in shares of Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,230 shares during the last quarter. Johnson Financial Group Inc. lifted its position in Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 837 shares in the last quarter. Finally, Caldwell Trust Co grew its holdings in Ford Motor by 605.8% during the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 2,175 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.