Ford Motor (NYSE:F) Stock Price Down 1.5% on Analyst Downgrade

Key Points

• Ford shares fell 1.5% after JPMorgan cut its price target from $17 to $16, though it maintained an overweight rating. The stock traded near $11.99, below the analyst consensus target of $15.36.
• Analyst sentiment is mixed: seven analysts rate Ford a Buy, eleven rate it Hold, and one rates it Sell, resulting in an overall consensus rating of Hold.
• Ford reported quarterly earnings of $0.42 per share, beating estimates of $0.33, while revenue reached $48.30 billion. The company also paid a quarterly dividend of $0.15 per share, representing a 5.0% annualized yield.

Shares of Ford Motor Company (NYSE:F - Get Free Report) traded down 1.5% during mid-day trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $17.00 to $16.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as low as $11.96 and last traded at $11.9850. Approximately 29,690,460 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 56,815,664 shares. The stock had previously closed at $12.17.

Several other equities analysts also recently commented on the company. Wall Street Zen downgraded Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. UBS Group dropped their price objective on Ford Motor from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Jefferies Financial Group upgraded Ford Motor from a "hold" rating to a "buy" rating and increased their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Dbs Bank raised Ford Motor from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 11th. Finally, Barclays boosted their price target on Ford Motor from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $15.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in F. Balefire LLC purchased a new position in shares of Ford Motor in the third quarter valued at $145,000. Riversedge Advisors LLC bought a new stake in Ford Motor in the third quarter worth $135,000. Wedmont Private Capital raised its stake in Ford Motor by 4.4% during the third quarter. Wedmont Private Capital now owns 41,716 shares of the auto manufacturer's stock valued at $511,000 after purchasing an additional 1,750 shares in the last quarter. GAMMA Investing LLC raised its stake in Ford Motor by 6.0% during the third quarter. GAMMA Investing LLC now owns 120,927 shares of the auto manufacturer's stock valued at $1,458,000 after purchasing an additional 6,856 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Ford Motor by 217.9% during the third quarter. Farther Finance Advisors LLC now owns 611,822 shares of the auto manufacturer's stock valued at $7,379,000 after purchasing an additional 419,337 shares during the last quarter. Institutional investors own 58.74% of the company's stock.

Ford Motor Stock Down 1.5%

The firm has a market cap of $47.79 billion, a P/E ratio of -6.41, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. The company's 50-day simple moving average is $13.52 and its 200 day simple moving average is $13.55. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

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

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor's payout ratio is presently -32.09%.

About Ford Motor

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world's oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.

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