Ford (NYSE: F)?s stock had its ?buy? rating reiterated by investment analysts at Argus in a note issued to investors on Thursday. They currently have a $19.00 target price on the stock.
Shares of Ford traded down 0.62% during mid-day trading on Thursday, hitting $11.24. Ford has a 52 week low of $8.82 and a 52 week high of $13.05. The company has a market cap of $42.854 billion and a P/E ratio of 2.57.
Ford last announced its earnings results on Tuesday, October 30th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.10. The company had revenue of $32.10 billion for the quarter, compared to the consensus estimate of $31.32 billion. The company?s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts predict that Ford will post $1.34 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee reiterated a ?buy? rating on shares of Ford in a research note to investors on Tuesday. They now have a $15.00 price target on the stock. Separately, analysts at Standpoint Research downgraded shares of Ford from a ?buy? rating to a ?hold? rating in a research note to investors on Tuesday, November 20th. Finally, analysts at Zacks reiterated a ?neutral? rating on shares of Ford in a research note to investors on Monday, November 5th. They now have a $12.00 price target on the stock.
Ford Motor Company (Ford) is a producer of cars and trucks. The Company and its subsidiaries also engage in other businesses, including financing vehicles.
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Source: http://www.dailypolitical.com/finance/stock-market/argus-reiterates-buy-on-ford-f.htm
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