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Top 5 Auto Stocks by Wall Street Ratings in September 2017

PART:
1 2 3 4 5 6 7 8 9 10 11 12 13
Part 8
Top 5 Auto Stocks by Wall Street Ratings in September 2017 PART 8 OF 13

How Analysts Rate Ford Stock at the End of 3Q17

Analysts’ ratings on Ford stock

According to data compiled by Reuters as of September 25, 2017, 24.0% of analysts covering Ford Motor (F) stock have given it a “buy” recommendation. Another 68.0% have recommended a “hold,” and the remaining 8.0% have given it a “sell” rating.

These stock recommendations are based on the consensus of 25 analysts currently covering Ford Motor.

How Analysts Rate Ford Stock at the End of 3Q17

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Market price is higher than consensus target

On September 25, 2017, Ford’s consensus 12-month target price was $11.91, which reflects no upside potential from its market price of $11.94. In the last month, analysts’ consensus price target for the company has fallen to $11.94 from $12.16.

Until 2Q17, Ford stock underperformed the S&P 500 index (SPY) and other mainstream automakers for four consecutive quarters. However, it turned positive in 3Q17, trading with 6.7% gains in the third quarter so far, which is higher than the 3.0% rise for the S&P 500 quarter-to-date.

Recent updates

In the second quarter, Ford’s adjusted EPS (earnings per share) was $0.56, or 7.7% higher than the same quarter of 2016.

The company’s 2Q17 adjusted net profit margin was 5.0%, which was lower than 5.1% in 2Q16 but better than 4.3% in 1Q17. Now, investors could be eyeing how Ford manages to protect its profitability in 3Q17 at a time when US auto sales are softening.

In May 2017, Ford made significant changes to its top leadership when it named James Hackett its new CEO (chief executive officer). Mark Fields had been Ford’s CEO since July 2014.

Mainstream automakers, including Ford, General Motors (GM), Fiat Chrysler (FCAU), and Toyota (TM), make the majority of their revenues from the US market.

In the next part, we’ll look at analysts’ recommendations for Harley-Davidson (HOG) stock.

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