F - Ford Motor Company
5.86 -0.01 (-0.17%)
After hours: 7:08PM EDT
Chart Events
Commodity Channel Index
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 5.71 |
| Open | 5.73 |
| Bid | 5.86 x 38500 |
| Ask | 5.85 x 27000 |
| Day's Range | 5.67 - 5.88 |
| 52 Week Range | 3.96 - 10.56 |
| Volume | 60,643,106 |
| Avg. Volume | 101,317,438 |
| Market Cap | 23.345B |
| Beta (5Y Monthly) | 1.25 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.78 |
| Earnings Date | Jul 28, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Jan 29, 2020 |
| 1y Target Est | 5.91 |
Fair Value
Related Research
- Reuters
Buffett-backed BYD to supply EV batteries to Ford
Chinese electric vehicle (EV) maker BYD Co Ltd <002594.SZ>, <1211.HK> will supply EV batteries to U.S. automaker Ford Motor Co <F.N>, a document on the website of the Ministry of Industry and Information Technology showed on Monday. Ford's China venture with Changan Automobile <000625.SZ> is seeking government approval to build a plug-in hybrid model equipped with BYD's batteries, according to the document. Shenzhen-based BYD, which is backed by U.S. investor Warren Buffett, said it would supply EV components including batteries and power management devices.
- Reuters
FEATURE-Workers nervously eye return to Lear's coronavirus-hit plant in Mexico
Lear Corp is implementing costly safety measures that may hurt productivity at its operations in Mexico after suffering the deadliest known factory-related coronavirus outbreak in the Americas, but the U.S. auto parts maker still faces a battle to win back workers' trust. The northern Mexican border city of Ciudad Juarez remains in the throes of the pandemic as it mourns the deaths of numerous factory workers, including 20 from Lear's Rio Bravo plant, which makes trim seat covers for Mercedes-Benz and Ford. "I don't think you'll find anyone who says they're not scared," Alma Sonia Trevizo, an employee at the Rio Bravo plant, told Reuters while on a break from safety training ahead of its planned June 1 partial restart.
- GuruFocus.com
US Indexes Start the Month of June Slightly Higher
S&P; 500 gains 0.38% Continue reading...
- Moody's
Ford Floorplan Auto Securitization Trust, Series 2017-F1 -- Moody's confirms ratings of eight securities issued by Ford Credit Floorplan securitizations
New York, June 01, 2020 -- Moody's Investors Service, ("Moody's") has confirmed the ratings of eight notes issued by Ford Floorplan Auto Securitization 2017-F1 and Ford Credit Floorplan Master Owner Trust A issued in 2015 and 2019 (the Ford floorplan transactions). The notes are backed by dealer floorplan loans which are originated by Ford Credit Company Canada and Ford Motor Credit Company LLC, which are also the servicers and administrators for the transactions respectively.
- Moody's
Ford Floorplan Auto Securitization Trust -- Moody's confirms ratings of eight securities issued by Ford Credit Floorplan securitizations
New York, June 01, 2020 -- Moody's Investors Service, ("Moody's") has confirmed the ratings of eight notes issued by Ford Floorplan Auto Securitization 2017-F1 and Ford Credit Floorplan Master Owner Trust A issued in 2015 and 2019 (the Ford floorplan transactions). The notes are backed by dealer floorplan loans which are originated by Ford Credit Company Canada and Ford Motor Credit Company LLC, which are also the servicers and administrators for the transactions respectively.
- Reuters
Italy new car sales fall 50% y-o-y in May
New car registrations in Italy fell for the fifth straight month in May, down 49.61% from the previous year, the transport ministry said on Monday. The Italian government imposed a nationwide lockdown in early March to contain the spread of the new coronavirus and started to gradually ease the restrictions on movement and business only in mid-May.
- Zacks
AVs Gather Momentum Amid Coronavirus But Roadblocks Remain
With coronavirus keeping most people housebound, driverless cars have indeed proved to be an asset. However, it will still take considerable time to bring AVs into the mainstream.
- PR Newswire
Dr. Vint Cerf to Deliver Keynote Address for IEIC Virtual Summit Series Event I
The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, today announced that Dr. Vint Cerf, Google Chief Internet Evangelist and co-Founder of the Internet, will deliver the keynote address at the IEIC Virtual Summit Series Event I on Tuesday, June 2 at 2:00 pm ET.
- MarketWatch
We’re at month 2: Tracking the Fed’s efforts to keep credit flowing during the coronavirus pandemic
The Federal Reserve is promising it has more firepower to use if a second wave of coronavirus infections hit the U.S., as more states unfurl plans to reopen after roughly two months of lockdowns.
- Moody's
Banco Ford S.A. -- Moody's confirms Banco Ford's long term global local-currency deposit rating, outlook negative
Moody's Investors Service, ("Moody's") has today confirmed Banco Ford S.A.'s (Banco Ford) long term global local currency deposit rating at Ba2. The long-term counterparty risk assessment at Ba1 (cr) and the long-term local currency counterparty risk rating at Ba1 were affirmed.
- Moody's
Ford Credit de Mexico, SA de CV, SOFOM, ENR -- Moody's confirmed Ford Credit de México's ratings; outlook changed to negative
Mexico, May 29, 2020 -- Moody's de México ("Moody's") has today confirmed Ford Credit de México, S.A. de C.V., Sociedad Financiera de Objetivo Múltiple, Entidad Regulada's (Ford Credit de México) backed long-term global local currency senior unsecured debt ratings of Ba2, and its backed long-term Mexican National Scale senior unsecured debt ratings of A2.mx. The outlook changed to negative from ratings under review.
- InvestorPlace
With New Vehicles on the Horizon, Ford Stock Is Back in Gear
The last thing on the consumer's mind is buying an automobile. So the low likelihood of a demand rebound for such expensive, luxury items will slow the recovery in Ford (NYSE:F), which already isn't having a great year. F stock is trading at just a little more than half its price at the beginning of the year.Source: Proxima Studio / Shutterstock.com Besides, the stay-at-home order may have permanently changed the need to commute to work. And with lower demand for cars and the potential for excess supply as people sell them, why should investors even consider F stock?Ford said it would delay the launch of its redesigned F-150 pickup, the Mustang Mach-E, and the Bronco sport-utility vehicle. This is due to the idling of its plants for around two months.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFortunately, Hau Thai-Tang, Ford's head of product development and purchasing, said that "we're not going to do any additional delay to these launches beyond the impact of Covid-19 as a mechanism to conserve cash." * 7 Penny Stocks To Buy with Massive Upside Potential As a forward-looking machine, markets will interpret the statement to mean that operations will resume when its plants open again. A Closer Look at F StockFord will lose around $5 billion in the quarter due to the shutdown and reduced demand. As operations resume, the company may continue the development of its new products. And by the time jobs return and the economy rebounds, consumer interest for Ford should improve.Ford, General Motors (NYSE:GM), and Fiat Chrysler all planned to reopen North American factories on May 18. Ford has two near-term objectives. First, it needs to confirm that the new safety protocols will prevent any Covid-19 infections.For example, this includes distancing among factory workers, face masks, and cleaning of work areas. Ford's second objective is to re-start its product refresh pathway that appeals to a wary, price-conscious consumer. Mainstream 2021 Mustang Electric VehicleDetails of Ford's 2021 Mustang Mach-E will give Tesla (NASDAQ:TSLA) fans something to think about.The Mach-E will charge from 10% to 80% in just 38 minutes. This is half as fast as Tesla and is 30% faster than Ford's preliminary estimates. But the electric crossover starts at $44,995 and is as high as over $60,000. By comparison, Tesla's Model Y will start at $46,690 and may cost more than $65,000.Getting 61 miles in range with a 10-minute charge improves the suitability of short, local commutes. Also, Ford grew its FordPass charging network by adding 1,000 stations. At each of those stations, it added 5,000 plugs.On the software side of the EV business, Ford must win its customer's confidence by building on quality and continued support. Long after the SUV leaves the dealership, Ford said all Mustang Mach-E models stay up-to-date. Using over-the-air updates, software updates will not take more than two minutes. Exciting Opportunity for FordFord's upcoming quarterly losses put a damper on the company's exciting EV launch ahead. But after finding support at the $3.96 bottom reached in late March, the automobile manufacturer is a worthwhile bet.Simplywall.st reports the forecasted annual earnings growth is ~110%. It will reach profitability over the next three years. Conversely, this growth forecast suggests the stock has limited upside ahead: F Industry S&P 500 Growth Score 57 58 74 Sales Growth Sales Growth Next Year 17.80% 12.90% 11.20% Sales 1‑Year Chg (%) -5.60% -9.00% 18.00% Sales 3‑Year Avg (%) -0.70% -4.40% 12.50% Sales 5‑Year Avg (%) 1.10% -3.00% 6.50% Data courtesy of Stock RoverTo the right, you can see Ford's value score compared to its competition. Click to EnlargeSource: Stock Rover Similarly, most of the 11 analysts rate the stock as a "hold." The average price target is around $5 (according to Tipranks).Ford may not reward investors in the next few weeks, but the stock is not for trading. It suits those who believe in the potential recovery in the automotive sector. But as its manufacturing plants re-open and the economy re-starts, the stock price should start pricing in the rebound potential ahead.The author owns shares of Ford. Ford is discussed often in the DIY Value investing marketplace. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * America's Richest ZIP Code Holds Shocking Secret * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post With New Vehicles on the Horizon, Ford Stock Is Back in Gear appeared first on InvestorPlace.
- Yahoo Finance Video
Amazon may become a threat to automakers, with this potential acquisition
Amazon is reportedly close to buying the self -driving car company, Zoox. Yahoo Finance's Tech Editor Dan Howley joins Yahoo Finance's The First Trade to discuss.
Yahoo Finance VideoJeep Gladiator pickup: the high cost of bliss
Pop the roof off the Jeep Gladiator pickup and cruise around on a sunny day and you won’t care at all about the clunky handling, deafening wind noise or plasticky interior. You won’t have to manage the awkward climb-down until you park and get out.
- MarketWatch
Why it might be a gamble for companies to borrow directly from the Fed
The Federal Reserve wants to give U.S. companies the option of borrowing directly from the central bank over the next few months to help offset the pandemic, but the offer comes with stings attached.
- MarketWatch
Elevated default risk among auto suppliers threatens to upend carmaker production
Carmakers across the U.S. have begun to start production since last week, but bankruptcies among their suppliers could mean they will struggle to source individual parts and components for their assembly lines.
- Benzinga
Here's How Amazon Could Become A Threat To Tesla, Ford And More With Zoox Buy
Amazon.com, Inc. (NASDAQ: AMZN) is in late-stage talks to acquire Zoox, a budding robo-taxi service. Zoox's hardware and software assets could be a boon for Amazon, but a bane for automotive players fighting to retain market share.Morgan Stanley analysts led by Adam Jonas maintained an Overweight rating on Amazon with a $2,600 price target.How Amazon Could Become A ThreatZoox positions Amazon to expand its total addressable market with food-delivery and ride-sharing services."AMZN's innovation focus, capital to invest, and leading shipping volumes (and the miles driven along with them) make it one of the few companies that could build a product to compete with Waymo, Uber, Lyft and others," Jonas wrote in a note.Zoox's capabilities would also position Amazon to rival automotive companies."In a post-COVID world, we believe fewer and more powerful players will be in position to deploy capital and talent to solving autonomy with a 'play to win' mindset," the analysts wrote. "We see Amazon (and other tech players) as clear competitors, not partners, vs the likes of" Tesla Inc (NASDAQ: TSLA), Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM).Retailers, Shippers Could Also Be HurtAmazon's expansion could also hurt retailers and shippers. By Morgan Stanley's estimate, Zoox could hasten the development of Amazon's third-party logistics network and generate shipping efficiencies that save more than $20 billion a year."From an e-commerce perspective, it could lead to a potentially even more efficient long-term delivery network (long-haul and last mile) to compete harder against traditional retailers and other online players," the analysts wrote. "In our view, the value of cost effective shipping is likely to only rise given the inflection we are seeing in e-commerce in 2020."Autonomous middle-mile and last-mile delivery services would challenge United Parcel Service, Inc. (NYSE: UPS) and FedEx Corporation (NYSE: FDX).Related Links:Apple Vs. Tesla: Morgan Stanley Breaks Down The ParallelsAircraft Prices, E-Commerce Conditions Are Ripe For Amazon Air, Says Bullish BofALatest Ratings for AMZN DateFirmActionFromTo May 2020SunTrust Robinson HumphreyMaintainsBuy May 2020JMP SecuritiesMaintainsMarket Outperform May 2020Canaccord GenuityMaintainsBuy View More Analyst Ratings for AMZN View the Latest Analyst RatingsSee more from Benzinga * Apple Vs. Tesla: Morgan Stanley Breaks Down The Parallels * Here's What Kara Swisher And Chamath Palihapitiya Think About Elon Musk's Threats To Leave California * 7 Times Elon Musk Wasn't Afraid To Speak His Mind(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Bloomberg
$1 Trillion of Corporate Bonds Today, Downgrades Tomorrow
(Bloomberg Opinion) -- The amount of new debt issued this year in the U.S. investment-grade corporate bond market will reach $1 trillion today, by far the fastest pace in history. The implications of that milestone depend on how you look at it.For businesses that had been ravaged by the coronavirus pandemic and the ensuing nationwide lockdowns, access to capital markets was a lifeline to get through the worst of the economic collapse. Sure, Carnival Corp. had to offer interest rates like a junk-rated borrower and Boeing Co. needed to include a so-called coupon step-up provision to offset jitters that it could lose its investment grades. But, in the words of Federal Reserve Chair Jerome Powell, these deals avoided turning “liquidity problems into solvency problems” for brand-name American companies.It’s worth remembering that until the Fed stepped in with extraordinary support for credit markets, averting widespread failures was far from guaranteed. Investors pulled a staggering $35.6 billion and $38 billion from investment-grade funds in the weeks ended March 18 and March 25, respectively. Before 2020, the previous record was $5.1 billion of outflows. I wrote on March 19 that bond markets were veering into a vicious cycle that could get ugly in a hurry — four days later, the Fed announced what would end up becoming a $750 billion backstop for corporate America.Now, the Fed hasn’t actually had to buy any individual bonds yet, a fact that Powell seems proud to share. “We may have to be lending money to those companies, but even better, they can borrow themselves now, and a lot of that has been happening and that’s a really good thing,” he said during May 19 testimony before the Senate Banking Committee.Most people would probably agree with that assessment, at least for the immediate future as the country grapples with restarting the world’s largest economy. But what about the longer-term view?Here, the rampant borrowing paints a more sobering picture. As of late April, 1,287 issuers worldwide rated between AAA and B- by S&P Global Ratings were considered at risk of a potential downgrade, up from 860 in March and 649 in February. That surpasses the previous all-time high set in 2009. “Generally, we expect heavy credit erosion in coming months as issuers, especially those in the lower-rated spectrum come under heavy fire from poor earnings, continued difficulties in managing cost structures, and market volatility creating limited funding opportunities,” said Sudeep Kesh, head of S&P’s credit markets research.That’s bad enough, but doesn’t even strike at the heart of the issue. Last year was supposed to be the beginning of a broad “debt diet” among companies that borrowed huge sums to finance mergers and acquisitions during the longest expansion in U.S. history. That didn’t end up taking place on a wide scale. Even a success story like AT&T Inc., which made headway in trimming its debt stack, still found itself back in the bond market recently, borrowing $12.5 billion on May 21 in what was the biggest deal since Boeing’s $25 billion blockbuster offering.When it comes to companies directly impacted by the coronavirus pandemic or structural changes to their industries, the “big three” of S&P, Moody’s Investors Service and Fitch Ratings haven’t shied away from taking action. Ford Motor Co., Kraft Heinz Co., Macy’s Inc. and Occidental Petroleum Corp. are just a few of the “fallen angels” that lost their investment grades earlier this year.The rating companies haven’t been quite as keen to react to high leverage metrics. I frequently refer back to this feature from Bloomberg News’s Molly Smith and Christopher Cannon, which found that of the 50 biggest corporate acquisitions in the five years through October 2018, more than half of the acquiring companies increased their leverage to a level that would seemingly merit a junk rating but remained investment grade on the assumption that they’d take that leverage down in the coming years. Those expectations seemed ambitious in 2018, when the economy was seemingly invincible. Now, no one can truly expect companies to focus on right-sizing their debt. Corporate leaders are rightfully eager to raise cash to get to the other side of the pandemic, especially with all-in yields not far off from record lows. The vast majority of the $1 trillion in borrowing so far this year was by no means imprudent.In the years ahead, however, the overhang from this issuance spree will inevitably weigh down credit ratings. A company with more debt presents a greater risk of missed interest payments than if it had fewer fixed obligations. Fortunately, for much of the previous expansion, firms had no issue finding investors willing to buy their long-term securities. That practice of rolling over debt and extending maturities might very well be the norm in the months and years ahead, too. Still, if the first five months of 2020 are any indication, investment-grade bondholders will have to get comfortable with even more bloated balance sheets and the prospect of further credit downgrades. For better or worse, with the confidence that the Fed has their back, that seems like a risk investors are willing to take.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Ford (F) Suspends Production in Kansas on Coronavirus Scare
Ford (F) halts production at Kansas City assembly plant on the Transit Van side after a worker tests positive for COVID-19.
- Reuters
GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns
General Motors Co and Ford Motor Co are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic. GM started its "Early Payment Program" last August with Wells Fargo & Co, and now is using it as a way to support suppliers during the pandemic, especially as they roll out new technologies, GM spokesman David Barnas said. GM operated a similar program with General Electric Co prior to 2008.
- Barrons.com
SpaceX Will Launch Astronauts Into Space on Saturday. Why Tesla Stock Will Benefit.
SpaceX is launching astronauts into space on Saturday. That’s a big deal for the country. But is it significant for Tesla stock?
- Moody's
Ford Motor Credit Company LLC -- Moody's confirms Ford Credit's long-term senior unsecured rating at Ba2, concluding review; outlook is negative
Moody's Investors Service, ("Moody's") confirmed its ratings for Ford Motor Credit Company LLC (Ford Credit) and its subsidiaries, including the Ba2 long-term senior unsecured rating. The rating actions follow similar actions on the ratings for Ford Credit's parent, Ford Motor Company (Ford, Ba2 corporate family rating, negative).
- Moody's
Ford Holdings, Inc. -- Moody's confirms Ford's Ba2 rating; outlook is negative
Moody's Investors Service, ("Moody's") confirmed the Ford Motor Company's (Ford) corporate family rating (CFR) and senior unsecured debt ratings at Ba2; the outlook is negative. Ford's ratings, including the Ba2 CFR, reflect Moody's view that the company's pro forma March 31 cash liquidity position of $42 billion (after the impact of $8 billion in proceeds an April 22 debt issuance) will provide it with ample liquidity to cover the sizable cash burn the company will generate through 2021.
- Reuters
23 U.S. states sue Trump administration over fuel efficiency rollback
A group of 23 U.S. states led by California, the District of Columbia and some major cities are challenging a Trump administration decision to weaken Obama administration fuel efficiency standards. In March, the Trump administration issued final rules requiring 1.5% annual increases in efficiency through 2026 - far weaker than the 5% increases in the discarded Obama-era rules - but abandoned its August 2018 proposal to freeze requirements at 2020 levels through 2026. Last week, a trade group representing General Motors Co , Fiat Chrysler Automobiles, Toyota Motor Corp and others sided with the Trump administration on its plan and opposed a legal challenge to further weaken the requirements.
- Reuters
All 3 Detroit automakers had workers test positive for COVID-19 since plants reopened
In the week since U.S. auto factories reopened after coronavirus lockdowns, workers at all three Detroit automakers have tested positive for COVID-19 but only Ford Motor Co has temporarily closed plants. Ford paused production at its Claycomo, Missouri, plant for an hour on Tuesday after a worker tested positive. Work resumed at the plant, which builds the F-150 pickup truck and Transit van, without workers being sent home following a deep cleaning, Ford spokeswoman Kelli Felker said Wednesday.
