Ford Motor (NYSE:F) Hits New 52-Week Low – What’s Next?

Ford Motor (NYSE:F)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.11 and last traded at $9.15, with a volume of 4028993 shares changing hands. The stock had previously closed at $9.21.

Wall Street Analyst Weigh In

A number of brokerages recently commented on F. Wells Fargo & Company reduced their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada reduced their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a report on Thursday, November 7th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, Bank of America dropped their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Three 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 stock. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $11.89.

Ford Motor Stock Up 1.5 %

The company has a market capitalization of $37.22 billion, a PE ratio of 6.41, a PEG ratio of 1.80 and a beta of 1.63. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.31. The business has a fifty day moving average of $9.97 and a 200 day moving average of $10.49.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Equities research analysts anticipate that Ford Motor will post 1.7 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently bought and sold shares of F. Hager Investment Management Services LLC purchased a new position in Ford Motor in the fourth quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Ford Motor during the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of Ford Motor in the 4th quarter valued at about $30,000. Kentucky Trust Co acquired a new stake in shares of Ford Motor during the 4th quarter worth about $31,000. Finally, Reston Wealth Management LLC purchased a new stake in Ford Motor during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.