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Ford (F) Stock Already Reflects Positives, Thinks KeyBanc

August 7, 2013 1:24 PM EDT Send to a Friend
Get Alerts F Hot Sheet
Price: $17.41 --0%

Rating Summary:
    11 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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KeyBanc today maintained a Hold rating on Ford (NYSE: F) and adjusted 2013/14 EPS estimates to $1.50/$1.71 from $1.39/$1.64. Analyst Brett D. Hoselton noted the stock's premium to historically valuation.

"Ford is currently trading at 11.4x our 2013 estimate of $1.50. Historically, automakers trade at a P/E multiple in the 6-8x range," said Hoselton.

"Management's guidance commentary is increasingly more bullish overall, and it now believes total pretax profit could potentially accede 2012 as operating margin should remain equal with last year on higher volume outlook (North America, China), and automotive operating cash flow should be substantially higher from previous expectations of higher. We are maintaining our HOLD rating as we believe improved outlook is largely reflected in the price," he said.

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 $17.03 yesterday.




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