Deutsche Bank Maintains a 'Buy' on Ford (F); Cutting Estimates and PT
Tweet Send to a FriendGet Alerts F Hot Sheet
Price: $14.81 --0%
Rating Summary:
9 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 4 | Down: 5 | New: 5
Rating Summary:
9 Buy, 6 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 4 | Down: 5 | New: 5
Trade F Now!
Deutsche Bank maintains a 'Buy' on Ford (NYSE: F) price target of $13.00 (from $16.00).
Deutsche analyst said, "The strength in Ford’s North America/Ford Credit earnings remains a meaningful positive, as we believe that EPS from these segments add up to $1.55, and free cash flow from these segments add up to $5.1 bn. There is some expectation that Ford’s International performance will improve in 2H vs. 1H, as the company benefits from a large number of new products. Nonetheless, our full year estimate is revised to $1.30 from $1.50 (including $1.55 of profit from NA/Ford Credit, and a $0.25 drag from International). We’re adjusting FY2013 to $1.40 from $1.60."
For an analyst ratings summary and ratings history on Ford click here. For more ratings news on Ford click here.
Shares of Ford closed at $10.09 yesterday, with a 52 week range of $9.05-$14.22.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Deutsche analyst said, "The strength in Ford’s North America/Ford Credit earnings remains a meaningful positive, as we believe that EPS from these segments add up to $1.55, and free cash flow from these segments add up to $5.1 bn. There is some expectation that Ford’s International performance will improve in 2H vs. 1H, as the company benefits from a large number of new products. Nonetheless, our full year estimate is revised to $1.30 from $1.50 (including $1.55 of profit from NA/Ford Credit, and a $0.25 drag from International). We’re adjusting FY2013 to $1.40 from $1.60."
For an analyst ratings summary and ratings history on Ford click here. For more ratings news on Ford click here.
Shares of Ford closed at $10.09 yesterday, with a 52 week range of $9.05-$14.22.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
- Deutsche Bank Upgrades Seagate (STX) to Buy; Sanmina (SANM) Cut to Sell, Flextronics (FLEX) & Fabrinet (FN) Cut to Hold
- Notable HP (HPQ) Bear Speaks, Says 'Recovery Unsustainable'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Deutsche Bank, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
