Stock Update (NYSE:F): Ford 2011-2015 Explorers probed by U.S. on possible exhaust leaks

[Reuters] – U.S. safety officials from the National Highway Traffic Safety Administration have opened an investigation into possible exposure to carbon monoxide in recent models of the Ford Motor Co (F.N) Explorer SUVs, the regulator’s website showed on Tuesday. “We will cooperate with NHTSA on this investigation as we always do,” a Ford spokeswoman said. Read more on this. Ford Motor Co. (F) , currently valued at $49.17B, started the session at $12.57. Today’s price range has been between $12.37 and $12.59 per share and has traded between $10.44 and $15.84 over the past year. Ford (F) shares are currently priced at 6.09x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.24x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.60 per share annually in dividends, yielding 4.50%. In a review of the consensus earnings estimate this quarter, 14 sell-side analysts are looking at $0.60 per share, which would be $0.13 better than the year-ago quarter and a $0.04 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $2.09, which would be a $0.16 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $36.25 Billion. If reported, that would be a 3.28% increase over the year-ago quarter. In terms of ratings, Piper Jaffray Initiated F at Overweight (Jun 10, 2016). Previously, BofA/Merrill downgraded F from Buy to Neutral. With the above information in mind, readers should note that the average price target is $15.00, which is 19.33% above where the stock opened this morning. See more in (NYSE:F) Similar Articles: Market Update: Ford Motor Company (NYSE:F) – Ford Brand SUVs Post Strongest Start since 2004; Ford Vans Have Best Start in 31 Years, Thanks to New Transit 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 Company Update: Ford Motor Company (NYSE:F) – Ford Sets Annual Sales Record in China, More Than 1.1 Million Vehicles Sold in 2015
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