Jefferies Financial Group Raises Ford Motor Price Target to $17.00
July 13, 2023
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It is one of the largest automakers in the world and is headquartered in Dearborn, Michigan. As of late, Ford Motor ($NYSE:F) has seen a resurgence in profitability and stock price appreciation. Recently, Jefferies Financial Group, an independent full-service investment bank, has raised their target price for Ford Motor to $17.00.
By raising their price target, Jefferies Financial Group has signaled their belief that Ford Motor is on the right track for future successes. With the company’s current performance and future outlook, it is likely that many more investment banks will follow suit in the coming months.
Market Price
This new price target puts Ford Motor stock in a more favorable position with investors, as the stock has been performing relatively well in the market. The new target is an indication of the potential value of the company’s stock and may be an attractive target for investors looking to gain exposure to the automotive industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ford Motor. More…
| Total Revenues | Net Income | Net Margin |
| 165.06k | 2.89k | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ford Motor. More…
| Operations | Investing | Financing |
| 10.74k | -9.64k | 298 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ford Motor. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 256.8k | 214.6k | 10.2 |
Key Ratios Snapshot
Some of the financial key ratios for Ford Motor are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | 19.9% | 6.5% |
| FCF Margin | ROE | ROA |
| 2.1% | 15.7% | 2.6% |
Analysis
GoodWhale recently conducted an analysis of FORD MOTOR‘s fundamentals, and classified them as a ‘Rhino’, which we have concluded is a moderate growth company. Our Star Chart suggests that FORD MOTOR is strong in dividend returns, medium in assets, profitability, but weak in growth. Additionally, FORD MOTOR has a very healthy score of 7/10 with regard to its cashflows and debt, indicating that it would be able to pay off any debts and continue to fund its future operations. Given these strengths and weaknesses, we can assume that this would attract a certain type of investor. Those who are looking for a steady dividend return and secure asset base would find this company attractive. On the other hand, those who are seeking high-growth stocks may not be so interested in FORD MOTOR. More…
Peers
In the automotive industry, there is intense competition between Ford Motor Co and its main competitors General Motors Co, Tesla Inc, and Toyota Motor Corp. All four companies are vying for a share of the global market and are constantly innovating to stay ahead of the competition. Ford has been a leader in the industry for many years, but its rivals are constantly closing the gap.
– General Motors Co ($NYSE:GM)
General Motors Co is an American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. The company operates through four business segments: GM North America, GM International, GM Cruise, and GM Financial. The company was founded in 1908 by William C. Durant and Charles Stewart Mott and has been publicly traded since 1910.
General Motors Co has a market capitalization of $49.94 billion as of 2022 and a return on equity of 10.52%. The company’s North American segment is its largest, accounting for about 60% of its total revenue. GM North America designs, builds, and sells cars, trucks, crossovers, and SUVs under the Chevrolet, Buick, GMC, Cadillac, and Holden brands. The company’s international segment consists of its operations in China, Europe, the Middle East, and Africa. GM Cruise is the company’s autonomous vehicle subsidiary. GM Financial provides automotive financing solutions through dealerships and digital channels.
– Tesla Inc ($NASDAQ:TSLA)
Founded in 2003, Tesla, Inc. is an American multinational corporation that specializes in electric vehicles, energy storage, and solar panel manufacturing. Based in Palo Alto, California, the company operates multiple production and assembly plants, notably Gigafactory 1 near Reno, Nevada, and its main vehicle manufacturing facility at Tesla Factory in Fremont, California. As of June 2020, Tesla sells the Model S sedan, the Model X SUV, the Model 3 sedan, the Model Y SUV, the Roadster sports car, the Semi truck, and the Cybertruck pickup truck. Tesla also offers vehicle service centers, supercharger stations, and Destination Charging stations.
Tesla’s market cap is $687.33B as of 2022. The company has a Return on Equity of 27.88%.
– Toyota Motor Corp ($TSE:7203)
Toyota Motor Corp is a Japanese multinational automotive manufacturer. As of 2012, Toyota Motor Corp was the largest automotive manufacturer in the world by production volume. The company produces vehicles under five brands, including the Toyota brand, Hino, Lexus, Ranz, and Daihatsu. It also has a majority stake in Subaru and minority stakes in Isuzu, Mazda, and Suzuki. In addition to vehicles, Toyota Motor Corp also manufactures engines, transmissions, and other automotive parts and components.
The company’s market capitalization is 27.48T as of 2022. Its return on equity is 11.32%.
Toyota Motor Corp is a leading manufacturer of automobiles. The company’s products include passenger cars, trucks, buses, and SUVs. Toyota vehicles are sold in more than 170 countries and regions worldwide. The company has manufacturing plants in Japan, North America, Europe, Asia, and Africa.
Summary
Investors have renewed their faith in Ford Motor Company, with Jefferies Financial Group raising their price target for the stock to $17.00. Analysts highlighted Ford’s strong financial position and improved product lineup as driving factors in their decision. They are confident that the company will be able to capitalize on the global automotive market opportunities, despite current economic uncertainty.
Furthermore, they remain positive on the company’s progress in its transition to electric vehicles and the launch of its autonomous driving solutions. All in all, the analysts believe that Ford is in a better position than many of its competitors, making it an attractive investment opportunity.
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