Ford Motor Rating Reiterated by Morgan Stanley (F)
Ford Motor (NYSE:F)‘s stock had its “overweight” rating reaffirmed by investment analysts at Morgan Stanley in a note issued to investors on Thursday, American Banking News reports. They currently have a $20.00 price objective on the stock, up from their previous price objective of $18.00. Morgan Stanley’s price objective would indicate a potential upside of 14.03% from the company’s current price.
The analysts wrote, “A glaring strategic weakness facing Ford was its near neglect of the world’s largest car market. This is rapidly changing. The capacity, product and distribution roll-out has been breathtaking, making China a major driver of Ford earnings surprises. Ford China stands at a critical inflection point. We estimate earnings from its 2 partners including a 50% JV stake in PV maker Changan Ford (CAF) and a 31.5% stake in CV maker Jiangling Motor Corp (JMC) along with imports can account for as much as 20% of Ford net earnings within 3 years vs. less than 5% last year.”
F has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Ford Motor (NYSE:F) in a research note to investors on Monday. They now have a $20.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Ford Motor (NYSE:F) from $18.00 to $19.00 in a research note to investors on Thursday, September 5th. They now have a “hold” rating on the stock. Finally, analysts at S&P Equity Research upgraded shares of Ford Motor (NYSE:F) from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 16th.
Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.94.
Shares of Ford Motor (NYSE:F) traded down 0.71% during mid-day trading on Thursday, hitting $17.415. 11,856,914 shares of the company’s stock traded hands. Ford Motor has a 1-year low of $9.71 and a 1-year high of $17.68. The stock has a 50-day moving average of $16.80 and a 200-day moving average of $15.01. The company has a market cap of $68.609 billion and a P/E ratio of 11.55.
Ford Motor (NYSE:F) last released its earnings data on Wednesday, July 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.08. The company had revenue of $33.30 billion for the quarter, compared to the consensus estimate of $35.15 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. Analysts expect that Ford Motor will post $1.53 EPS for the current fiscal year.
In other Ford Motor news, VP Bernard B. Silverstone sold 26,387 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $17.57, for a total transaction of $463,619.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
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