Consensus Forms That Despite Tremendous YTD Move, Ford (F) Is Still Undervalued
More News related to F
- Active equity option families in first 30 minutes of trading according to Track Data are: DELL C F JPM
- Ford E-News - Nov. 18, 2009
- Fiesta Movement Awards Voting Kicks Off; Ceremony, Tweetup Highlight Celebration
- Detroit Students Gain Competitive Edge Through Youth Entrepreneurship Training
- Ford (F) Fusion Named 2010 Motor Trend Car of the Year
With a 250 percent move higher year-to-date, investor sentiment in Ford Motor (NYSE: F) has clearly shifted to a positive bias, but are shares still undervalued?
Looking at recent Wall Street coverage on the automotive-standout shares could still have considerable room to run.
Today, Standpoint Research was the latest firm pounding the table on the only major U.S. automaker not to receive a government bailout. Standpoint's Ronnie Moas initiated coverage on the stock with a Buy rating and aggressive $12 price target.
Moas stated that with housing declines beginning to moderate and consumer confidence setting in, there would be incremental demand for new vehicles. Moas said if light vehicle sales continue to rebound, it will not be a problem for Ford to earn $2.00 a share or higher in 2011-2012. Moas said despite the recent share spike, if you take a multiple of half of peak earnings, shares are still undervalued.
The average Wall Street price target on Ford is now $10.64, according to Bloomberg data, and that does not even include today's new $12 price target which will raise it further. Buckingham is the 'Street High' at $15 per share.
With Ford trading at $8.05 per share today, Wall Street still thinks there is 32 percent upside. Standpoint Research's new coverage suggests there is about 50 percent upside and Buckingham's price target suggest there is still 86 percent upside.
With today's new coverage and other recent positive ratings, the consensus for Ford is moving up faster and faster. As this shift continues and investors react, shares will likely move closer to the double-digit range.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
Analyst CommentsInsiders' Blog
New Coverage
Stocks Mentioned
-0.09Related Entities
Comments
ford
is ford going to sell stock to pay off debt and when
I Love The Ford Story
I just love the Ford story and love there products. I hope it's stock hits new all time highs and then Ford starts offering dividends again! Go Ford!
Aloha
Aloha from Maui Hawaii, It just kills us that America, can't see what a wonderful gift Ford is to this country ! ! They have done every thing right for America, & the American public ! ! Their conduct, product, value,s,& all they do for the well being of America, & it's people! If all other companies would do the same, America could , again be number one in the world ! We say this ! America ! " Take a lesson from Ford " ! !
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!
Ford
Pete on Nov 9, 2009 04:11 PMAlan Mulally needs to be put on Mt Rushmore ASAP!