Stock Update: Ford Motor Company (NYSE:F) – Toyota Adopts Ford SmartDeviceLink Software; Other Automakers, Suppliers Join to Accelerate Industry Standard

[Business Wire] – A first wave of automakers and industry suppliers – led by Toyota Motor Corporation – is adopting Ford SmartDeviceLink software – a huge step toward giving consumers more choice in how they connect and control their smartphone apps on the road. Read more on this. Ford Motor Co. (F) , with a current market cap of $54.73B, opened at $13.87. Today, shares have traded between $13.75 and $13.89 per share with a trailing 52-week range being $10.44 to $16.74. F shares are currently priced at 8.70x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 18.29x forward p/e ratio. The company pays shareholders $0.60 per share annually in dividends, yielding 4.26%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.47 per share, which would be $0.21 better than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $1.62 which would be a $0.46 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $36.31 Billion. If reported, that would be a 7.43% increase over the year-ago quarter. More recently, Buckingham Research upgraded F from Neutral to Buy (Oct 15, 2015). Previously, Goldman upgraded F from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $17.59, which is 26.82% above where the stock opened this morning. See more in (NYSE:F) Similar Articles: Stock Update: Ford Motor Company (NYSE:F) – Ford Motor Company to Host CFO “Let’s Chat” Stock Update: Ford Motor Company (NYSE:F) – Ford and Foreigner Join Forces in Choir Fundraisers with Rock Then Roll 4 UR School Company Update: Ford Motor Company (NYSE:F) – Details of Ford Motor Company’s July 28 Briefing on 2015 Second Quarter Results