Ford Motor (NYSE:F) Shares Down 1.1% After Analyst Downgrade

Ford Motor (NYSE:F - Get Free Report) fell 1.1% on Wednesday after Piper Sandler lowered their price target on the stock from $9.00 to $8.50. Piper Sandler currently has a neutral rating on the stock. Ford Motor traded as low as $10.26 and last traded at $10.33. 20,952,413 shares were traded during mid-day trading, a decline of 72% from the average session volume of 74,039,917 shares. The stock had previously closed at $10.44.

F has been the subject of several other reports. Barclays lowered their target price on Ford Motor from $10.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company dropped their target price on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Citigroup initiated coverage on shares of Ford Motor in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $10.00 price target for the company. TD Cowen began coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective for the company. Finally, Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of "Hold" and an average price target of $9.93.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Grove Bank & Trust grew its holdings in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after acquiring an additional 1,882 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth approximately $26,000. Elite Financial Inc. purchased a new position in shares of Ford Motor during the 1st quarter valued at approximately $27,000. Olde Wealth Management LLC acquired a new position in shares of Ford Motor in the 1st quarter valued at $28,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Ford Motor during the fourth quarter worth $29,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Down 1.4 %

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 company's 50-day moving average is $9.75 and its 200 day moving average is $10.07. The company has a market cap of $40.80 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The business had revenue of $40.66 billion during the quarter, compared to analysts' expectations of $35.99 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The company's quarterly revenue was down 6.2% on a year-over-year basis. Research analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.83%. Ford Motor's payout ratio is 48.00%.

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.

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