Stock Update (NYSE:F): More Torque and Better Boost: 2017 Ford F-150 to Debut with All-New 3.5-Liter EcoBoost Engine and 10-Speed Transmission

[Business Wire] – Ford, America’s truck leader, continues its relentless pace of innovation, delivering more torque and better acceleration to 2017 F-150 customers with the all-new 3.5-liter EcoBoost® engine and 10-speed transmission. Read more on this. Ford Motor Co. (F) , valued at $53.50B, opened this morning at $13.50. During today’s session, F traded between $13.15 to $13.55 and has traded between $10.44 and $15.84 over the past 12 months. F shares are currently priced at 6.68x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.23x forward p/e ratio. And for passive income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 4.42%. According to a consensus of 16 analysts, the earnings estimate of $0.60 per share would be $0.13 better than the year-ago quarter and a $0.03 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $2.04 would be a $0.11 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $36.42 Billion. If reported, that would be a 3.76% increase over the year-ago quarter. In terms of ratings, BofA/Merrill downgraded F from Buy to Neutral (Apr 29, 2016). Previously, Credit Suisse downgraded F from Neutral to Underperform. Given all the information above, we should disclose to readers that the average price target is $16.00, which is 18.52% above than it opened this morning. 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 (NYSE:F): 2017 Escape Debuts New SYNC 3 with Apple CarPlay, Android Auto; New Quality Checks Improve Ford’s Best-Selling SUV Stock Update: Ford Motor Company (NYSE:F) – Ford and Jay Leno to Auction One-of-a-Kind Harley-Davidson Ford F-150 to Benefit National Multiple Sclerosis Society
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