Company Update: Ford Motor Company (NYSE:F) – Ford, Techstars Select 12 Startups to Focus on Mobility Solutions as Part of 2016 Mentorship Program

[Business Wire] – Ford Motor Company and Techstars Mobility, driven by Detroit today introduce their newest class of startup businesses that will work this summer from Ford Field offices in downtown Detroit to develop future mobility solutions. Read more on this. Ford Motor Co. (F) , with a current value of $53.12B, began trading this morning at $13.45. Looking at today’s trading action, the company’s one day range from $13.37 to $13.49 with a trailing 52-week range being $10.44 to $15.84. Ford (F) shares are currently priced at 6.31x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.99x 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 4.55%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.61 per share, which would be $0.14 better than the year-ago quarter and a $0.04 sequential increase. The full-year EPS estimate is $2.09, which would be a $0.16 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $36.17 Billion. If realized, 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. With the above information in mind, readers should note that the average price target is $15.87, which is 17.99% above where the stock opened this morning. See more in (NYSE:F) Similar Articles: Market Update: Ford Motor Company (NYSE:F) – Ford Invests in Pivotal to Accelerate Cloud-Based Software Development; New Labs Drive Ford Smart Mobility Innovation Market Update: Ford Motor Company (NYSE:F) – Media Advisory: Details of Ford Motor Company’s March 2016 U.S. Sales Conference Call Company Update (NYSE:F): Ford Smart Mobility LLC Established to Develop, Invest in Mobility Services; Jim Hackett Named Subsidiary Chairman
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