Ford Motor (NYSE:F) Trading Down 0.4% – Should You Sell?

Ford Motor (NYSE:F)’s stock price dropped 0.4% during mid-day trading on Friday . The company traded as low as $11.16 and last traded at $11.20. Approximately 7,219,542 shares were traded during 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

A number of research firms have commented on F. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Wells Fargo & Company decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Royal Bank of Canada dropped their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. Wolfe Research assumed coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.56.

Ford Motor Stock Down 1.5 %

The business has a 50-day moving average price of $10.83 and a 200 day moving average price of $11.70. 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 stock has a market capitalization of $44.01 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.58 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter last year, the business earned $0.72 EPS. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts expect that Ford Motor will post 1.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of F. Assenagon Asset Management S.A. raised its position in Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after purchasing an additional 8,824,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after buying an additional 7,793,944 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Ford Motor by 456.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after acquiring an additional 3,281,800 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Ford Motor by 103.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after acquiring an additional 2,497,695 shares during the period. Finally, International Assets Investment Management LLC grew its position in Ford Motor by 1,215.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock valued at $28,444,000 after acquiring an additional 2,488,850 shares during the last quarter. 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.