Ford Motor (NYSE:F) Stock Price Down 6.3% - What's Next?

Key Points

• Ford Motor Company's stock price dropped by 6.3% to $11.91, with a trading volume significantly lower than average at about 28 million shares.
• Equity analysts have mixed views on Ford, with several raising price targets; those include JPMorgan Chase increasing its target from $12.00 to $13.00.
• Ford declared a quarterly dividend of $0.15 per share, translating to an annual yield of 5.1% and a payout ratio of 76.92%.

Ford Motor Company (NYSE:F - Get Free Report) was down 6.3% on Tuesday . The company traded as low as $11.92 and last traded at $11.91. Approximately 28,109,576 shares changed hands during trading, a decline of 70% from the average daily volume of 92,239,469 shares. The stock had previously closed at $12.70.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on F shares. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a report on Monday, July 21st. The Goldman Sachs Group raised their target price on Ford Motor from $11.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Piper Sandler upped their price target on shares of Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Ford Motor in a report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $11.04.

Ford Motor Trading Down 7.1%

The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The company has a market cap of $46.94 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 3.64 and a beta of 1.53. The business's fifty day simple moving average is $11.61 and its two-hundred day simple moving average is $10.85.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The company had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, equities analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.1%. Ford Motor's payout ratio is 76.92%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Grove Bank & Trust lifted its holdings in shares of Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,882 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Ford Motor in the second quarter valued at approximately $25,000. Elite Financial Inc. acquired a new stake in shares of Ford Motor in the first quarter valued at about $27,000. Country Trust Bank acquired a new position in Ford Motor during the 2nd quarter valued at $27,000. Finally, Capital A Wealth Management LLC raised its position in Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 2,279 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

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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