Analyst Recommendations for Ford Stock in November 2017

Jitendra Parashar - Author

Nov. 24 2017, Updated 11:15 a.m. ET

Recommendations for Ford

According to data compiled by Reuters as of November 21, 2017, only 17% of analysts covering Ford Motor (F) stock have given it a “buy” recommendation. About 75% have recommended a “hold,” and 8% have recommended a “sell.” Recommendations are based on the consensus of 24 analysts. In October, 25% of these analysts were suggesting a “buy” for Ford stock.

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Upside potential for Ford stock

On November 21, 2017, Ford’s consensus 12-month target price was $12.72. That reflects an upside potential of 5% from its market price of $12.12.

In September, Ford stock had its highest monthly returns of 8.5% for the last 22 months. It managed to outperform the broader market in 3Q17. However, 4Q17 hasn’t been so good for the company so far. It was trading with a minor gain of 0.9% as of November 21, 2017, compared to a 3.2% rise for the S&P 500 Index (SPY) (SPX-INDEX).

Key fundamentals

In 3Q17, Ford reported an improvement in its profit margins. However, its global vehicle sales continued to weaken on a year-over-year basis. That could be the primary reason analysts aren’t very bullish on the stock.

In October 2017 during a strategic update event, Ford’s CEO (chief executive officer) Jim Hackett highlighted the company’s key focus areas: electric vehicles, personal mobility, and autonomous vehicles.

Auto companies (IYK) Ford, General Motors (GM), Toyota (TM), and Fiat Chrysler (FCAU) generate a large portion of their sales from the US market.

In the next part, we’ll look at analyst recommendations for Tesla (TSLA) in November 2017.


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