Ford Motor (NYSE:F) Downgraded by StockNews.com to Sell

Ford Motor (NYSE:F) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

F has been the subject of several other research reports. Citigroup upped their price objective 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. Royal Bank of Canada raised their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Sanford C. Bernstein started coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. UBS Group raised their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group cut their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.95.

Ford Motor Stock Down 18.4 %

Shares of Ford Motor stock traded down $2.52 on Thursday, reaching $11.16. 259,185,165 shares of the company were exchanged, compared to its average volume of 53,275,531. The stock’s 50 day moving average price is $12.57 and its 200-day moving average price is $12.41. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. Ford Motor has a 1-year low of $9.63 and a 1-year high of $14.85. The company has a market cap of $44.53 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 0.89 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts forecast that Ford Motor will post 2.03 EPS for the current year.

Insider Activity at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the transaction, 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 filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently modified their holdings of F. Raymond James & Associates raised its position in shares of Ford Motor by 38.3% in the 4th quarter. Raymond James & Associates now owns 3,447,823 shares of the auto manufacturer’s stock worth $42,029,000 after buying an additional 954,068 shares during the period. CVA Family Office LLC acquired a new position in Ford Motor during the fourth quarter valued at approximately $56,000. Blackston Financial Advisory Group LLC purchased a new stake in Ford Motor during the fourth quarter worth approximately $231,000. Schechter Investment Advisors LLC raised its stake in shares of Ford Motor by 10.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 19,442 shares of the auto manufacturer’s stock valued at $237,000 after acquiring an additional 1,845 shares during the period. Finally, PFG Investments LLC lifted its holdings in shares of Ford Motor by 30.7% during the 4th quarter. PFG Investments LLC now owns 27,864 shares of the auto manufacturer’s stock valued at $340,000 after acquiring an additional 6,549 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

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.