Ford Motor (NYSE:F) Stock Price Down 0.4% – What’s Next?

Ford Motor (NYSE:F) was down 0.4% during trading on Friday . The stock traded as low as $11.16 and last traded at $11.20. Approximately 7,219,542 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 52,856,367 shares. The stock had previously closed at $11.24.

Wall Street Analyst Weigh In

Several research analysts recently commented on F shares. Barclays decreased their target price on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Wells Fargo & Company cut their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.56.

Ford Motor Trading Down 1.4 %

The firm has a 50-day moving average price of $10.80 and a 200-day moving average price of $11.72. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The stock has a market cap of $44.24 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. As a group, equities analysts anticipate that Ford Motor will post 1.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently bought and sold shares of the business. Olistico Wealth LLC purchased a new position in Ford Motor in the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new position in Ford Motor in the 2nd quarter worth about $26,000. Quarry LP purchased a new position in Ford Motor in the 2nd quarter worth about $27,000. Ridgewood Investments LLC purchased a new position in Ford Motor in the 2nd quarter worth about $28,000. Finally, Kimelman & Baird LLC purchased a new position in Ford Motor in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.