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Digging Deeper into US Automakers’ July 2017 Sales

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Part 7
Digging Deeper into US Automakers’ July 2017 Sales PART 7 OF 7

Analysts’ Views on Ford and GM after July Sales Data

Analysts’ views on Ford and GM

According to recent data compiled by Thomson Reuters, 24% of the 25 analysts covering Ford (F) stock gave it “buy” recommendations. In comparison, about 36% of the 25 analysts covering General Motors (GM) stock gave it “buy” recommendations.

Respectively, 60% and 68% of total analysts recommended a “hold” for Ford and GM stock. Plus, 4% and 8% analysts recommended a “sell” for Ford and GM stock, respectively.

Analysts’ Views on Ford and GM after July Sales Data

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Target prices

On August 9, 2017, Wall Street analysts’ 12-month consensus target price for Ford was $12.28. This target price reflected an upside potential of ~12.4% from its market price of $10.92. Analysts’ consensus target price for GM stock was $38.74 with an upside potential of 9.8% from its market price of $35.28.

On August 9, Ford stock fell 10.0% in 2017 YTD, while GM’s stock traded with minor gains of ~1.3% on a year-to-date basis.

Currently, a higher percentage of analysts have positive recommendations for GM compared to Ford. GM’s solid 2Q17 earnings compared with Ford’s mixed 2Q17 results could be the primary reason why more analysts are currently optimistic about GM stock (IYK).

During the week ended August 4, 2017, Tesla (TSLA) and Ferrari (RACE) released their 2Q17 earnings reports. Please read Tesla’s 2Q17 Earnings Review: What Triggered the Buying Spree? and Why Ferrari’s 2Q17 Results Cheered Up Investors to learn more.

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