Ford Motor (NYSE:F) Stock Falls 2.5% - Here's Why

Key Points

• Ford shares fell 2.5% to about $12.28, with trading volume 28% below its average; the article does not identify a specific catalyst for the decline.
• Analyst views remain mixed, with a consensus “Hold” rating and an average price target of $15.02. Recent target changes ranged from Goldman Sachs’ cut to $12 to TD Cowen’s increase to $15.
• Ford beat quarterly earnings and revenue estimates, reporting EPS of $0.49 versus $0.41 expected, though revenue declined 2% year over year. The company also announced a $0.15 quarterly dividend, equivalent to a 4.9% yield at the stated share price.

Ford Motor Company (NYSE:F - Get Free Report)'s share price traded down 2.5% during trading on Tuesday. The stock traded as low as $12.19 and last traded at $12.2810. Approximately 40,359,726 shares traded hands during trading, a decline of 28% from the average session volume of 55,733,980 shares. The stock had previously closed at $12.60.

Analysts Set New Price Targets

A number of brokerages have issued reports on F. TD Cowen boosted their price target on Ford Motor from $13.00 to $15.00 and gave the company a "hold" rating in a report on Wednesday, July 29th. DZ Bank raised shares of Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 price objective on the stock in a research note on Friday, July 31st. Royal Bank Of Canada dropped their price objective on shares of Ford Motor from $15.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 29th. The Goldman Sachs Group cut their target price on shares of Ford Motor from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, October 29th. Finally, Barclays boosted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Ford Motor currently has a consensus rating of "Hold" and an average price target of $15.02.

Ford Motor Trading Down 2.5%

The firm has a market capitalization of $48.97 billion, a price-to-earnings ratio of -6.23, a P/E/G ratio of 0.25 and a beta of 1.88. 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 company has a 50 day moving average price of $12.86 and a two-hundred day moving average price of $13.36.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.08. The firm had revenue of $49.53 billion for the quarter, compared to analysts' expectations of $49.08 billion. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.96%. The firm's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. On average, research analysts forecast that Ford Motor Company will post 1.90 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be given a $0.15 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. Ford Motor's dividend payout ratio (DPR) is -30.46%.

Institutional Trading of Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of F. BlackRock Inc. acquired a new stake in shares of Ford Motor in the second quarter valued at $4,649,131,000. State Street Corp grew its stake in Ford Motor by 0.8% during the 2nd quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer's stock worth $2,697,153,000 after purchasing an additional 1,492,186 shares in the last quarter. Bank of America Corp DE grew its stake in Ford Motor by 318.0% during the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock worth $1,006,703,000 after purchasing an additional 55,100,244 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Ford Motor during the 2nd quarter worth about $717,218,000. Finally, Dimensional Fund Advisors LP increased its holdings in Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer's stock worth $547,379,000 after purchasing an additional 1,585,557 shares during the period. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.

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