Ford (NYSE:F), like all car companies has been battered and bruised, but is rising through and blowing expectations out of the water.
Here are 3 reasons why Ford is a stock to watch even though autos have been overlooked for quite some time, F seems to be outshining the competition.
1. Fundamentals - Current price is $10.69 with a 1 year target estimate of $17.43 (63.05% upside potential). 52 week low is $9.05 and high is $18.97, and so this shows how much room is left to grow. Profit margin is 5.21%, ROA is 3.11% and ROE is 755.33%. Quarterly Revenue growth is 1.30%, and EPS is 1.74 with a P/E ratio of 6.36x and 1yr EPS growth of +92.86%.
2. Analyst Opinion - Upgrades from Barclays Capital, Citi, and Deutsche Bank. 4-star S&P rating, etc.
3. In The News - Ford is recognized with corporation of the year award (MarketWatch).
-S&P predicts rise auto sales for Q4 (Chicago Tribune).
-Ford Ranger Truck launch outside North America (Reuters).
-Moody's may upgrade Ford credit rating (Reuters).
-Ford has the highest earnings yield in the automobile manufacturers industry (Financial News Network).
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.