Stock Update (NYSE:F): Ford Teams Up with MIT and Stanford to Advance Automated Driving Research

Ford Motor Company (NYSE:F) [PR Newswire] – Ford kicks off new automated driving research projects with Massachusetts Institute of Technology and Stanford University The MIT research focuses on scenario planning to predict actions of other vehicles and pedestrians, while Stanford is exploring how a vehicle might maneuver to allow its sensors to peek around obstructions Partnering with academic institutions helps advance Ford’s Blueprint for Mobility, which envisions a future of autonomous functionality and advanced technologies after 2025 Building on the automated Ford Fusion Hybrid research vehicle unveiled last month, Ford is announcing new projects with Massachusetts Institute of Technology and Stanford University to research and develop solutions to some of the technical challenges surrounding automated driving.
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Ford Motor Co. (F), valued at $64.81B, opened at $16.44.
 
During today’s session, F traded between $16.37 to $16.51 with a one year range of $12.10 to $18.02.
 
F shares are currently priced at 10.26x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 28.37x forward p/e ratio.
 
And for income investors, the company pays shareholders $0.50 per share annually in dividends, yielding 3.00%.
 
Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $0.29 per share, which would be $0.02 worse than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.60 would be a $0.19 improvement when compared to the previous year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $35.40 Billion. If realized, that would be a 2.61% increase over the year-ago quarter.
 
More recently, RBC Capital Mkts downgraded F from Outperform to Sector Perform (Jul 25, 2013). Previously, Barclays downgraded F from Overweight to Equal Weight.
 
With the above information in mind, readers should note that the average price target is $18.24, which is 10.95% 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) .


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