Ford Motor Stock Rating Lowered by Argus (F)
Ford Motor (NYSE:F) was downgraded by equities research analysts at Argus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on F. Analysts at Thomson Reuters/Verus upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Ameriprise Financial initiated coverage on shares of Ford Motor in a research note to investors on Friday, January 31st. They set a “buy” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Ford Motor from $20.00 to $18.50 in a research note to investors on Wednesday, January 29th. They now have a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.23.
Shares of Ford Motor (NYSE:F) opened at 14.73 on Thursday. Ford Motor has a 52-week low of $12.10 and a 52-week high of $18.02. The stock has a 50-day moving average of $15.64 and a 200-day moving average of $16.65. The company has a market cap of $58.102 billion and a price-to-earnings ratio of 8.44. Ford Motor also was the recipient of unusually large options trading on Monday. Stock investors purchased 41,237 put options on the stock. This is an increase of approximately 130% compared to the typical volume of 17,943 put options.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.02. The company had revenue of $36.30 billion for the quarter, compared to the consensus estimate of $35.40 billion. During the same quarter last year, the company posted $0.31 earnings per share. Ford Motor’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Ford Motor will post $1.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Friday, January 31st will be given a dividend of 0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Wednesday, January 29th. This is an increase from Ford Motor’s previous quarterly dividend of $0.10.
Ford Motor Company (NYSE:F) operates in the global automotive industry.