Deutsche Bank Maintains a 'Buy' on Ford (F); Cutting Estimates and PT
Get Alerts F Hot Sheet
Price: $12.91 -0.23%
Rating Summary:
12 Buy, 21 Hold, 4 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
12 Buy, 21 Hold, 4 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Goldman Sachs Downgrades Zhejiang Huayou Cobalt Co Ltd. (603799:CH) to Sell
- Ultragenyx Pharma (RARE) PT Raised to $61 at TD Cowen
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Deutsche Bank, EarningsSign 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!