Ford Motor (NYSE:F – Get Free Report) traded down 2.1% on Monday after Royal Bank of Canada lowered their price target on the stock from $13.00 to $10.00. Royal Bank of Canada currently has a sector perform rating on the stock. Ford Motor traded as low as $9.85 and last traded at $9.89. 14,457,841 shares were traded during trading, a decline of 74% from the average session volume of 55,107,387 shares. The stock had previously closed at $10.10.
Several other research analysts also recently issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Citigroup increased their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. UBS Group raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Barclays reduced their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, Evercore ISI raised Ford Motor to a “hold” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $13.48.
Insiders Place Their Bets
In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.80% of the company’s stock.
Hedge Funds Weigh In On Ford Motor
A number of institutional investors have recently bought and sold shares of the business. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the second quarter worth $25,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares during the period. Family Firm Inc. acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $26,000. Fortis Group Advisors LLC boosted its stake in shares of Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new position in Ford Motor during the 4th quarter worth $27,000. Institutional investors and hedge funds own 58.74% of the company’s stock.
Ford Motor Trading Down 2.2 %
The stock has a market capitalization of $39.42 billion, a P/E ratio of 10.25, a P/E/G ratio of 0.75 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The business has a 50-day moving average price of $12.21 and a two-hundred day moving average price of $12.34.
Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The firm had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. On average, analysts expect that Ford Motor will post 1.94 EPS for the current fiscal year.
Ford Motor Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 6.08%. Ford Motor’s payout ratio is presently 61.86%.
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.