Argus Reiterates “Buy” Rating for Ford Motor (F)
Ford Motor (NYSE:F)‘s stock had its “buy” rating reaffirmed by research analysts at Argus in a report released on Tuesday, Analyst Ratings Network.com reports. They currently have a $23.00 target price on the stock. Argus’ price target would suggest a potential upside of 33.88% from the stock’s previous close.
F has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Ford Motor in a research note to investors on Monday, October 7th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Ford Motor in a research note to investors on Wednesday, September 18th. They now have a $20.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Ford Motor currently has a consensus rating of “Hold” and an average target price of $19.47.
Shares of Ford Motor (NYSE:F) opened at 17.18 on Tuesday. Ford Motor has a 52-week low of $9.97 and a 52-week high of $17.77. The stock has a 50-day moving average of $17.01 and a 200-day moving average of $15.71. The company has a market cap of $67.683 billion and a P/E ratio of 11.32.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.30 earnings per share. Ford Motor’s revenue was up 14.6% compared to the same quarter last year. Analysts expect that Ford Motor will post $1.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders of record on Friday, November 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, October 30th.
Ford Motor Company (NYSE:F) operates in the global automotive industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.