Ford Motor (NYSE:F) Shares Down 2.6% – What’s Next?

Shares of Ford Motor Company (NYSE:F) traded down 2.6% on Tuesday . The company traded as low as $13.48 and last traded at $13.4950. 45,141,979 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 57,932,574 shares. The stock had previously closed at $13.86.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on F. Bank of America upped their price target on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research report on Friday, July 31st. The Goldman Sachs Group raised their target price on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The business has a 50 day simple moving average of $14.14 and a two-hundred day simple moving average of $13.53. The firm has a market capitalization of $53.81 billion, a P/E ratio of -7.22, a price-to-earnings-growth ratio of 0.29 and a beta of 1.83.

Ford Motor (NYSE:F) last announced its 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. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period in the previous year, the business posted $0.37 earnings per share. Ford Motor’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, sell-side analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a $0.15 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. Ford Motor’s payout ratio is presently -32.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. MV Capital Management Inc. bought a new stake in Ford Motor during the fourth quarter valued at about $25,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Ford Motor by 108.4% during 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. Caldwell Trust Co grew its stake in Ford Motor by 605.8% during the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 2,175 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Ford Motor by 343.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 2,633 shares of the auto manufacturer’s stock worth $30,000 after buying an additional 2,039 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Ford Motor during the second quarter worth $31,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Company Profile

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.