Stocks That Fell to 3-Year Lows the Week of Oct. 19

Ford, Ctrip.com, Molson Coors and Mohawk Industries have declined to their respective 3-year lows

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Oct 19, 2018
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Ford Motor Co. (F, Financial), Ctrip.com International Ltd. (CTRP, Financial), Molson Coors Brewing Co. (TAP, Financial), and Mohawk Industries Inc. (MHK, Financial) have declined to their three-year lows.

Ford Motor declined to $8.50

The price of Ford shares declined to $8.50 on Oct. 19, which is only 2.2% above the three-year low of $8.31.

Ford is an American international automaker that sells automobiles and commercial vehicles. The company also owns Brazilian SUV manufacturer Troller and Australian performance car manufacturer FPV. The company has multiple joint ventures in China, Taiwan, Thailand, Turkey and Russia.

Ford has a market cap of $34.87 billion; its shares were traded around $8.50 with a price-earnings ratio of 5.03 and a price-sales ratio of 0.21. The trailing 12-month dividend yield is 7.06%. The forward dividend yield is 7.05%. The company had an annual average earnings growth of 3.60% over the last five years.

On Oct. 17, Ford announced it will sign agreements with Mahindra Group to continue their strategic alliance in India. The two definitive agreements on powertrain sharing and connected car solutions stipulate that Mahindra Group will develop and supply a low-displacement petrol engine to Ford India for use in its present and future vehicles in 2020. The two companies also announced joint development of a telematics control unit.

Ctrip.com International declined to $32.63

The price of Ctrip.com International shares declined to $32.63 on Oct. 19, which is only 0.7% above the three-year low of $32.40.

Ctrip.com is a Chinese travel services company that provides accommodation reservation, transportation ticketing, packaged tours and corporate travel management. It is currently the largest online travel agency in China.

Ctrip.com has a market cap of $18.83 billion; its shares were traded around $32.63 with a price-earnings ratio of 25.11 and a price-sales ratio of 4.62.

On Sept. 5, Ctrip.com reported unaudited second-quarter 2018 financial results. Net revenue increased 13% year over year to $1.1 billion. The operating margin was 10%. Net income attributable to shareholders increased 564% from 359 million renminbi to 2.4 billion renminbi.

Molson Coors Brewing declined to $59.90

The price of Molson Coors Brewing shares declined to $59.90 on Oct. 19, which is only 1.9% above the three-year low of $58.75.

Molson Coors is an American international brewing company that was formed in 2005 by the merger of two companies. It is the world’s seventh largest brewer by volume.

The company has a market cap of $12.94 billion; its shares were traded around $59.90 with a price-earnings ratio of 8.17 and a price-sales ratio of 1.19. The trailing 12-month dividend yield is 2.74%. The forward dividend yield is 2.78%. Molson Coors had an annual average earnings growth of 7.90% over the past decade.

On Sept. 4, Molson Coors announced Mark Swartzberg had been appointed as the company’s new global vice president of investor relations. He succeeds Dave Dunnewald, who retired in June.

Mohawk Industries declined to $150.31

The price of Mohawk Industries shares declined to $150.31 on Oct. 19, which is only 1.2% above the three-year low of $148.56.

Mohawk Industries is an American international flooring manufacturer that produces floor covering products for both residential and commercial purposes.

The company has a market cap of $11.21 billion; its shares were traded around $150.31 with a price-earnings ratio of 12.28 and a price-sales ratio of 1.14. Mohawk had an annual average earnings growth of 21% over the last five years.

On July 25, Mohawk Industries reported second-quarter results. Net earnings were $197 million for the quarter, compared to $261 million in the prior-year quarter. Diluted earnings per share were $2.62, down from $3.48. Net sales were $2.6 billion, a 3% increase on a constant currency basis.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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