Company Update: Ford Motor Company (NYSE:F) – Ford Invests $1.6 Billion in U.S. Plants, Creates 650 Hourly Jobs in Michigan and Ohio

[Business Wire] – Ford Motor Company is investing $1.6 billion to upgrade two of its manufacturing facilities in Michigan and Ohio, and creating or retaining 650 hourly jobs in the United States. Read more on this. Ford Motor Co. (F) , with a current market cap of $54.63B, opened at $13.66. During today’s session, F traded between $13.63 to $13.75 and has traded between $10.44 and $16.10 over the past 12 months. Ford (F) shares are currently priced at 6.93x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.16x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.60 per share annually in dividends, yielding 4.41%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.46 per share, which would be $0.23 better than the year-ago quarter and a $0.03 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $1.96 would be a $0.03 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $35.76 Billion. If reported, that would be a 12.45% increase over the year-ago quarter. More recently, Credit Suisse downgraded F from Neutral to Underperform (Feb 24, 2016). Previously, Buckingham Research upgraded F from Neutral to Buy. The average price target for F shares by the analysts covering it is $15.60, which is 14.20% above where the stock opened. See more in (NYSE:F) Similar Articles: Stock Update: Ford Motor Company (NYSE:F) – Ford Motor Company Supports Innovation, STEM Education with Smithsonian’s Spark!Lab at Michigan Science Center Market Update: Ford Motor Company (NYSE:F) – Ford Ohio Assembly Plant Adds All-New Ford F-Series Super Duty Chassis Cab to Truck Lineup Stock Update: Ford Motor Company (NYSE:F) – Ford Motor Company to Host CFO “Let’s Chat”
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