Ford Motor (NYSE:F) Stock Price Down 2.7% - Here's Why

Key Points

• Ford shares fell 2.7% to about $12.60, with roughly 51.9 million shares traded. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed: Ford has an average “Hold” rating and a consensus price target of $15.68, despite recent upgrades from Citigroup and price-target increases from several firms.
• Ford’s latest quarterly results beat expectations, with EPS of $0.42 versus $0.33 expected and revenue of $48.3 billion. The company also maintains a quarterly dividend of $0.15 per share, equivalent to a 4.8% annualized yield.

Ford Motor Company (NYSE:F - Get Free Report)'s share price traded down 2.7% during trading on Thursday. The stock traded as low as $12.57 and last traded at $12.5950. 51,925,420 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 57,863,137 shares. The stock had previously closed at $12.94.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Bank of America raised their price objective 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. TD Cowen upped their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. Citigroup upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and increased their price target for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, June 11th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $15.68.

Ford Motor Stock Down 2.7%

The company's 50 day simple moving average is $14.06 and its 200-day simple moving average is $13.52. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The firm has a market cap of $50.22 billion, a P/E ratio of -6.74, a PEG ratio of 0.27 and a beta of 1.83.

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

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Tuesday, August 11th. Ford Motor's dividend payout ratio is -32.09%.

Institutional Investors Weigh In On Ford Motor

A number of large investors have recently made changes to their positions in F. BlackRock Inc. bought a new stake in Ford Motor during the second quarter valued at approximately $4,649,131,000. State Street Corp boosted its stake in shares of 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 acquiring an additional 1,492,186 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Ford Motor by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer's stock valued at $1,394,697,000 after acquiring an additional 1,255,349 shares during the period. Bank of America Corp DE increased its stake in shares of Ford Motor by 318.0% in 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. Finally, Bank of New York Mellon Corp bought a new position in Ford Motor in the 2nd quarter worth $717,218,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Company Profile

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.

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