F
Ford on watch after Barron's says shares could double
- The Blue Oval makes the Barron's cover this week in a positive story
on the upside for Ford (NYSE:F).
- The automaker's top-selling F-150 line always underpins a bullish
story on Ford, but the publication also notes that sales of the heftier
F-250, F-350, and F-450 models helped Ford post EPS of $0.65 in Q3 to top
consensus marks, prompting the company to boost its full-year forecast.
Ford now expects to be profitable in 2020.
- Looking further down the road, is noted that if Ford hits its margin
goals of 8%, it could generate $10B to $11B, or $2.50 to $3.00 a share,
in
net income. At its five-year average of 7X earnings, shares could trade
above $20 vs. the closing price of $9.09 on Friday.
- "A comeback is no slam-dunk. But the car maker's financial strength
gives it some time to figure out the transition to battery-powered
vehicles
and to raise profitability."
- Ford sits with a Neutral Seeking Alpha Quant Rating as a low mark for
growth holds it back.
- Check out Seeking Alpha's Stocks to Watch article for a full preview
of the week ahead.
|Today, 4:02 PM|10 Comments
Ford on watch after Barron's says shares could double
- The Blue Oval makes the Barron's cover this week in a positive story
on the upside for Ford (NYSE:F).
- The automaker's top-selling F-150 line always underpins a bullish
story on Ford, but the publication also notes that sales of the heftier
F-250, F-350, and F-450 models helped Ford post EPS of $0.65 in Q3 to top
consensus marks, prompting the company to boost its full-year forecast.
Ford now expects to be profitable in 2020.
- Looking further down the road, is noted that if Ford hits its margin
goals of 8%, it could generate $10B to $11B, or $2.50 to $3.00 a share,
in
net income. At its five-year average of 7X earnings, shares could trade
above $20 vs. the closing price of $9.09 on Friday.
- "A comeback is no slam-dunk. But the car maker's financial strength
gives it some time to figure out the transition to battery-powered
vehicles
and to raise profitability."
- Ford sits with a Neutral Seeking Alpha Quant Rating as a low mark for
growth holds it back.
- Check out Seeking Alpha's Stocks to Watch article for a full preview
of the week ahead.
|Today, 4:02 PM|10 Comments
Comments
Post a Comment