Market Update: Ford Motor Company (NYSE:F) – Ford Invests in Pivotal to Accelerate Cloud-Based Software Development; New Labs Drive Ford Smart Mobility Innovation

[Business Wire] – Ford today announces an investment in Pivotal, a cloud-based software platform company headquartered in San Francisco, to further enhance its software development capabilities and deliver innovations to customers more quickly. Read more on this. Ford Motor Co. (F) , valued at $52.96B, ended session yesterday at $13.31. During today’s session, F traded between $13.26 to $13.36 with the price of the stock fluctuating between $10.44 to $15.84 over the last 52 weeks. Priced at 6.55x this year’s forecasted earnings, F shares are relatively inexpensive compared to the industry’s 16.23x forward p/e ratio. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 4.42%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $0.60 per share, which would be $0.13 better than the year-ago quarter and a $0.03 sequential increase. The full-year EPS estimate is $2.05 which would be a $0.12 better than last year’s full-year earnings. 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. Recently, BofA/Merrill downgraded F from Buy to Neutral (Apr 29, 2016). Previously, Credit Suisse downgraded F from Neutral to Underperform. With the above information in mind, readers should note that the average price target is $16.00, which is 20.21% above where the stock 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 Company Update (NYSE:F): Ford Smart Mobility LLC Established to Develop, Invest in Mobility Services; Jim Hackett Named Subsidiary Chairman Stock Update: Ford Motor Company (NYSE:F) – Toyota Adopts Ford SmartDeviceLink Software; Other Automakers, Suppliers Join to Accelerate Industry Standard
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