Key Highlights:
- Ford's vehicle sales increased by 14.2% in Q2, boosting its market share to 14.3%.
- SUV and hybrid sales surged, though electric vehicle sales declined.
- Analysts offer a mixed outlook on Ford's future performance.
Ford Motor Company (NYSE: F) has reported a noteworthy 14.2% increase in vehicle sales during the second quarter, reaching a total of 612,095 units, which has expanded its market share to 14.3%. While SUVs saw a remarkable 19.3% growth and hybrid sales climbed by 23.5%, a significant decline of 31.4% was observed in electric vehicle sales. Despite these mixed results, Ford shares experienced a slight uptick on Tuesday.
Analyst Predictions for Ford
According to data from 24 Wall Street analysts, Ford Motor Co (F, Financial) is expected to see an average price target of $10.08 over the next year. This projection ranges from a high of $15.67 to a low of $8.00. The average target suggests a potential downside of 7.92% from the current trading price of $10.95. For more in-depth price target data, visit the Ford Motor Co (F) Forecast page.
The consensus from 27 brokerage firms places Ford's average recommendation at 3.1 on a scale where 1 represents a Strong Buy and 5 represents a Sell, indicating a "Hold" status. This mixed sentiment reflects the uncertainty surrounding Ford's future performance.
Ford's GF Value Estimation
GuruFocus has estimated the GF Value of Ford Motor Co (F, Financial) to be $11.81 in a year's time, suggesting a potential upside of 7.85% from its current price of $10.9501. This GF Value represents GuruFocus' view of the fair stock price based on historical trading multiples, past business growth, and future business performance projections. Investors seeking further detailed insights can explore the Ford Motor Co (F) Summary page.
