Market Update (NYSE:F): 2017 Ford F-150 with All-New 3.5-liter EcoBoost V6 Nets Best-in-Class, V8-Beating 470 lb.-ft. of Torque, More Horsepower

[Business Wire] – Ford, America’s truck leader, continues its relentless pace of innovation, delivering segment-leading torque for 2017 F-150 customers with the all-new 3.5-liter EcoBoost® V6 engine and 10-speed automatic transmission. Read more on this. Ford Motor Co. (F) , with a current market cap of $52.48B, began trading this morning at $13.17. Looking at the equity, the company’s one day range is $13.13 to $13.33 with its 52-week range being $10.44 to $15.84. F shares are currently priced at 6.26x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.02x forward p/e ratio. And for income investors, the company pays shareholders $0.60 per share annually in dividends, yielding 4.58%. According to a consensus of 14 analysts, the earnings estimate of $0.60 per share would be $0.13 better than the year-ago quarter and a $0.04 sequential increase. What we find to be interesting is that the full-year EPS estimate of $2.09 is a $0.16 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $36.23 Billion. If reported, that would be a 3.22% 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. When considering if the stock is under or overvalued, the average price target is $14.94, which is 13.44% above where the stock opened this morning. See more in (NYSE:F) Similar Articles: 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 Market Update (NYSE:F): 2017 Escape Debuts New SYNC 3 with Apple CarPlay, Android Auto; New Quality Checks Improve Ford’s Best-Selling SUV 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
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