[at Bloomberg] – Erich Merkle, U.S. sales analyst at Ford Motor Co., says the auto manufacturer has seen most of its growth in the west and southeast. Merkle talks with Bloomberg’s Pimm Fox and Carol Massar on Bloomberg …
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Ford Motor Co. (F), with a current market cap of $60.26B, started trading this morning at $15.29.
During today’s session, F traded between $15.26 to $15.32 and has traded between $12.10 and $18.02 over the past year.
Priced at 9.56x this year’s forecasted earnings, F shares are relatively inexpensive compared to the industry’s 16.77x forward p/e ratio.
And for passive income investors, the company pays shareholders $0.40 per share annually in dividends, yielding 2.60%.
Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $0.28 per share, which would be $0.03 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $1.60 which would be a $0.19 improvement than last year’s full-year earnings.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $35.28 Billion. If realized, that would be a 2.26% increase over the year-ago quarter.
Recently, RBC Capital Mkts downgraded F from Outperform to Sector Perform (Jul 25, 2013). Previously, Barclays downgraded F from Overweight to Equal Weight.
The average price target for F shares is $18.00, which is 17.72% above where the stock opened this morning.
Ford Motor Company (NYSE:F), engages in the development, manufacture, distribution, and service of vehicles, parts, and accessories worldwide. The company operates through two sectors, Automotive and Financial Services.
Tag Helper ~ Stock Code: F | Common Company name: Ford | Full Company name: Ford Motor Company (NYSE:F) .