|Bid||35.35 x 800|
|Ask||35.36 x 1100|
|Day's Range||35.31 - 36.18|
|52 Week Range||30.56 - 45.52|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||67.82|
|Earnings Date||Feb 6, 2019|
|Forward Dividend & Yield||1.52 (4.38%)|
|1y Target Est||45.30|
Dale Earnhardt Jr. is returning to the famous Daytona International Speedway in 2019, but the driving situation will be much more relaxed than what he's accustomed to. Chevrolet has a stacked history of running pace vehicles at some of world's biggest races. Chevrolet skipped a year, as Peyton Manning paced the race in a Toyota Camry in 2018, but for 2019, the Bowtie is back in the form of the Silverado.
Cadillac will hold an event on Jan. 13 on the eve of the Detroit Auto Show to reveal its long-awaited new XT6 three-row crossover, Automotive News reports. The XT6 is seen as a critical product for Cadillac, which has been caught flatfooted with a lineup heavy on sedans amid the boom in crossovers and SUVs. Cadillac recently started selling the smaller XT4 crossover as well.
The Trump administration has made the restoration of American industry a top priority and talking point from the beginning. It has pursued policies on trade in stark defiance of a decades-long economic consensus, tearing up or rewriting trade deals and escalating trade conflict with China. Trump has been learning this the hard way with the auto industry.
In 2015, both these sectors showed signs of moderation, after which the Chinese government announced several measures to boost them. In the real estate sector, the country relaxed lending norms to boost housing demand. In the automotive space, China lowered its purchase tax, which was gradually increased to the original level of 10% starting at the beginning of this year.
In the previous part of this series, we explored how Wall Street analysts are rating 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 16.1% from its market price, while analysts expect GM to yield a 31.6% positive return.
Beijing may cut tariffs on auto manufacturing from 40% to 15%. With the possibility of lower tariffs, U.S. automakers are set to get better access to the China market.
According to the latest data compiled by Reuters, 19% of the analysts covering Ford stock (F) gave it “buy” ratings. By comparison, a much higher percentage of about 57% of analysts covering GM stock gave it “buy” ratings. These ratings were based on 21 analysts’ views, which were compiled by Thomson Reuters on December 10, 2018.
In the previous part of this series, we saw how Ford Motor Company’s (F) F-Series truck US sales have seen a YoY drop in the last three months. In November 2018, Ford sold about 70,564 SUV units, a 4.9% YoY decline. Similarly, the company’s truck sales dropped 2.3% to 89,535 units in November 2018 from 91,601 units sold in November 2017.
Moody's Investors Service has upgraded the rating of the Class B Notes of Rongteng 2018-2 Retail Auto Loan Securitization. Moody's upgrade was prompted by the increase in the level of credit enhancement for the affected notes and the low defaults from the collateral pool. Principal payments have been paid to Class A1 and Class A2 Notes only since closing, and credit enhancement has increased.