Company Update: Ford Motor Company (NYSE:F) – Ford Sales in Europe Continue to Rise in April; Mustang Germany’s No.1 Sports Car Among Private Retail Buyers

[Business Wire] – Ford’s total vehicle sales in April in its European 20 traditional markets* were its best in the month since 2009, with passenger car sales at their highest since 2010, and commercial vehicles achieving their peak April sales since 1993. Read more on this. Ford Motor Co. (F) , valued at $52.84B, opened at $13.34. During the trading session, F traded between $13.30 to $13.52 with a trailing 52-week range being $10.44 to $15.84. F shares are currently priced at 6.40x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.45x earnings multiple. The company pays shareholders $0.60 per share annually in dividends, yielding 4.50%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $0.61 per share, which would be $0.14 better than the year-ago quarter and a $0.04 sequential increase. Investors should also note that the full-year EPS estimate of $2.08 is a $0.15 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $36.17 Billion. If reported, that would be a 3.05% increase over the year-ago quarter. More recently, 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 $16.07, which is 20.46% above than it opened this morning. See more in (NYSE:F) Similar Articles: Company Update: Ford Motor Company (NYSE:F) – Ford of Europe Posts Best First Quarter Sales Since 2010; Market Share Improves; Remains Europe’s No. 1 CV Brand Market Update: Ford Motor Company (NYSE:F) – Media Advisory: Details of Ford Motor Company’s March 2016 U.S. Sales Conference Call Market Update (NYSE:F): Ford New Vehicle Sales in Europe Rise 18% in February, Gains Share on Strong SUV, Transit and Large Car Sales
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