Company Update: Ford Motor Company (NYSE:F) – Ford Sourcing to Women-Owned Suppliers Up 50 Percent in 2013; Reflects Long Commitment to Diversity

Ford Motor Company (NYSE:F) [at noodls] – In 2013, Ford spent $1.8 billion with tier-one, women-owned suppliers, up from $1.2 billion in 2012 – a 50 percent gain Higher spending comes as Ford celebrates 36 years of working with Women’s Business …
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Ford Motor Co. (F), valued at $59.87B, started trading this morning at $15.46.
 
During today’s session, F traded between $15.16 to $15.47 with a one year range of $12.15 to $18.02.
 
Ford (F) shares are currently priced at 11.41x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.75x earnings multiple for the same period.
 
And for income investors, the company pays shareholders $0.50 per share annually in dividends, yielding 3.20%.
 
According to a consensus of 16 analysts, the earnings estimate of $0.32 per share would be $0.09 worse than the year-ago quarter and a $0.12 sequential decrease. Investors should also note that the full-year EPS estimate of $1.35 is a $0.27 worse when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $34.12 Billion. If reported, that would be a 0.77% increase over the year-ago quarter.
 
More recently, Argus downgraded F from Buy to Hold (Feb 6, 2014). Previously, RBC Capital Mkts downgraded F from Outperform to Sector Perform.
 
With the above information in mind, readers should note that the average price target is $17.97, which is 16.24% above where the stock opened this morning.
 
Summary (NYSE:F) :  Ford Motor Company develops, manufactures, distributes, and services vehicles, parts, and accessories worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. It markets cars, utilities, trucks, service parts, and accessories through distributors and dealers in North America, South America, Europe, Turkey, Russia, and the Asia Pacific region. This sector also sells vehicles to dealers for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments, as well as provides maintenance and repair services. The Financial Services sector offers various automotive financing products to and through automotive dealers. This sector provides financing products, which include retail installment sale contracts for new and used vehicles; leases for new vehicles to retail customers, government entities, daily rental car companies, and fleet customers; wholesale financing that comprise loans to dealers to finance the purchase of vehicle inventory; loans to dealers to finance working capital, purchase dealership real estate, and other dealer vehicle program financing; and other financing products, as well as provides insurance services. Ford Motor Company was founded in 1903 and is based in Dearborn, Michigan.
 
Tag Helper ~ Stock Code: F | Common Company name: Ford | Full Company name: Ford Motor Company (NYSE:F) .


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