Ford Motor (NYSE:F) Stock Price Down 2.4% - What's Next?

Key Points

• Ford shares fell 2.4% to about $13.79 in midday trading, with roughly 59 million shares changing hands. The stock remains below its 50-day moving average of $14.48 but above its 200-day average of $13.48.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $15.68. Recent targets range from $14 at Morgan Stanley to $20 at Bank of America.
• Ford exceeded quarterly expectations, reporting $0.42 in EPS versus $0.33 expected and $48.30 billion in revenue, but revenue declined 3.8% year over year. The company also declared a $0.15 quarterly dividend, implying a 4.4% yield.

Ford Motor Company (NYSE:F - Get Free Report)'s share price was down 2.4% on Thursday . The company traded as low as $13.75 and last traded at $13.79. 58,994,571 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 60,837,543 shares. The stock had previously closed at $14.13.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price target on Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Morgan Stanley reiterated an "equal weight" rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. Bank of America boosted their target price on shares of Ford Motor from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Wall Street Zen downgraded shares of Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Ford Motor in a report on Wednesday, June 24th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Ford Motor has a consensus rating of "Hold" and an average price target of $15.68.

Ford Motor Stock Down 2.4%

The company has a 50-day moving average of $14.48 and a 200-day moving average of $13.48. The company has a market capitalization of $54.95 billion, a price-to-earnings ratio of -7.37, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

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

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor's payout ratio is -32.09%.

Institutional Trading of Ford Motor

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Ford Motor by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer's stock worth $6,188,776,000 after purchasing an additional 4,087,699 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Ford Motor by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer's stock valued at $1,994,464,000 after buying an additional 4,089,779 shares during the period. Geode Capital Management LLC increased its holdings in Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer's stock valued at $1,394,697,000 after buying an additional 1,255,349 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Ford Motor in the second quarter worth about $717,218,000. Finally, Norges Bank acquired a new position in shares of Ford Motor in the fourth quarter worth about $674,437,000. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Company Profile

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.

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