|Bid||34.83 x 1800|
|Ask||35.54 x 800|
|Day's Range||33.85 - 35.59|
|52 Week Range||30.56 - 45.52|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||68.10|
|Earnings Date||Feb 6, 2019|
|Forward Dividend & Yield||1.52 (4.16%)|
|1y Target Est||44.85|
Plug-in hybrids seem to have it hard at Cadillac. First there was the ELR flop, and now Cadillac is killing off the CT6 Plug-in Hybrid. The news of the hybrid's demise was first broken by GM Authority, and we received a statement from Cadillac confirming that it would be discontinued.
Chevrolet is bringing the Monza name back for a midsize sedan with "dynamic design that inherits the brand's sporty DNA." This sedan is set to debut at the Guangzhou Auto Show in China, but Chevy dropped a teaser of the front end today. This Monza's hood looks to be relatively muscular, helping feed into the sporty design.
Inteva Products LLC announced plans to expand its engineering technical center in Vandalia, investing $33 million in a research and development facility and adding 35 new jobs.
Moody's Investors Service ("Moody's") has assigned definitive ratings to the notes issued by GMF Canada Leasing Trust Series 2018-1 (GC0LT 2018-1). Moody's expected median cumulative net credit loss expectation for GCOLT 2018-1 is 0.50% and the Aaa level is 21.50%.
In the previous part of this series, we discussed how Wall Street analysts rate the top two US auto giants—Ford (F) and General Motors (GM). Analysts’ next 12-month consensus target price for Ford reflects a minor upside potential of only 3.7% from its market price.
According to the latest data compiled by Reuters, 19% of the analysts covering Ford stock (F) gave it a “buy” rating. In comparison, ~57% of the analysts covering General Motors stock gave it a “buy” rating. The ratings were based on the consensus of 21 analysts covering Ford and General Motors as of November 13.
General Motors (GM) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
In October, Ford Motor Company (F) sold ~67,554 SUV (sports utility vehicles) units with 6.7% YoY (year-over-year) gains. In contrast, the sales in the company’s truck segment fell 4.9% to 88,725 units in October from 93,248 units sold in October 2017.
After struggling during the summer, the outlook for Tesla (NASDAQ:TSLA) stock has dramatically improved. With the company reporting a quarterly profit, and CEO Elon Musk out as chairman, optimism has returned. Tesla stock has risen by over 17% since the Oct. 24 earnings report.
Ford is in talks with rivals about investing “billions” in Argo AI, its self-driving vehicle unit, echoing General Motors in its attempts to tap outside investors for funding. Bryan Salesky, Argo’s chief executive, told the Financial Times that the company was seeking “billions of dollars” to help in the development of autonomous vehicles. “We are definitely talking to other potential customers, OEMs [carmakers], we are talking to more than one,” Mr Salesky told the FT, whilst stopping short of confirming that one of the companies was Volkswagen.