Ford Motor (NYSE:F) Shares Down 3.3% - Here's Why

Ford Motor (NYSE:F - Get Free Report) shares dropped 3.3% during mid-day trading on Tuesday . The company traded as low as $9.98 and last traded at $10.04. Approximately 33,004,398 shares were traded during trading, a decline of 45% from the average daily volume of 60,114,156 shares. The stock had previously closed at $10.38.

Analysts Set New Price Targets

F has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Wednesday, October 30th. Barclays lowered Ford Motor from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Royal Bank of Canada reiterated a "sector perform" rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Sanford C. Bernstein cut shares of Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price target on the stock. in a research note on Thursday, November 7th. Finally, Jefferies Financial Group downgraded shares of Ford Motor from a "hold" rating to an "underperform" rating and reduced their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Ford Motor has a consensus rating of "Hold" and an average price target of $11.82.

Ford Motor Trading Down 0.9 %

The company has a market capitalization of $40.00 billion, a PE ratio of 11.44, a P/E/G ratio of 1.97 and a beta of 1.64. 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 business has a fifty day moving average price of $10.21 and a 200 day moving average price of $10.70.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently made changes to their positions in F. Assenagon Asset Management S.A. grew its holdings in Ford Motor by 14,373.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer's stock valued at $93,830,000 after purchasing an additional 8,824,000 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer's stock worth $126,477,000 after acquiring an additional 6,348,185 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Ford Motor by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer's stock worth $1,294,752,000 after acquiring an additional 5,270,562 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in Ford Motor in the third quarter valued at about $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Ford Motor by 420.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer's stock valued at $63,812,000 after purchasing an additional 4,881,105 shares in the last quarter. 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.