Stock Update (NYSE:F): Ford says Texas truck sales robust despite low oil prices

[Reuters] – Ford Motor Co U.S. sales chief Mark LaNeve said on Tuesday that pickup truck sales in Texas have been robust despite the drop in oil prices. Several auto dealership groups have said sales of pickup trucks … Read more on this. Ford Motor Co. (F) , valued at $51.84B, began trading this morning at $13.00. A quick look at the market, the company’s stock traded between $12.72 and $13.12 with a one year range of $10.44 to $16.74. Priced at 6.35x this year’s forecasted earnings, F shares are relatively inexpensive compared to the industry’s 12.78x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.60 per share annually in dividends, yielding 4.81%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.47 per share, which would be $0.24 better than the year-ago quarter and a $0.03 sequential increase. Investors should also note that the full-year EPS estimate of $1.97 is a $0.04 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $35.46 Billion. If reported, that would be a 11.51% increase over the year-ago quarter. Recently, Credit Suisse downgraded F from Neutral to Underperform (Feb 24, 2016). Previously, Buckingham Research upgraded F from Neutral to Buy. Investors should keep in mind is that the average price target is $15.65, which is 20.38% above where the stock opened this morning. See more in (NYSE:F) Similar Articles: Stock Update (NYSE:F): Ford Begins 2016 with Record-breaking Month in China, January Sales Up 36 Percent Market Update: Ford Motor Company (NYSE:F) – Ford Ohio Assembly Plant Adds All-New Ford F-Series Super Duty Chassis Cab to Truck Lineup Company Update: Ford Motor Company (NYSE:F) – Ford Sets Annual Sales Record in China, More Than 1.1 Million Vehicles Sold in 2015