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F

Ford

$8.63

0.06 (0.70%)

06:08
10/11/19
10/11
06:08
10/11/19
06:08

Ford reports Q3 China sales down 30.3% to 131,060 vehicles

Ford Motor Company and its joint ventures in China announced third quarter sales in China of 131,060 vehicles, a 30.3% decrease compared to the same period last year. China automotive industry sales slowed during the third quarter following an elevated second quarter sales period, primarily driven by China V Emission Standard stock clearance actions. Ford China third quarter sales reflect these market conditions, as well as actions taken to continue to build sales momentum moving forward. The National Distribution Services Division held a series of brand events nationally to promote the "extraordinary driving experience" of Ford. In addition, Ford China launched a series of new models in the third quarter that better meet the needs and preferences of Chinese customers, including the Focus Active, new Edge ST and ST-Line, new Taurus and Territory EV. These actions delivered sales growth through the quarter, providing a platform for ongoing recovery moving forwards. Ford China remains focused on its business transformation following the launch of the "Ford China 2.0" strategy. Ford Motor Company and Changan Automobile recently announced their commitment to strengthening their strategic cooperation and will strive to innovate the business models and increase cooperation efficiency.

  • 23

    Oct

F Ford
$8.63

0.06 (0.70%)

09/10/19
BOFA
09/10/19
NO CHANGE
Target $13
BOFA
Buy
Ford downgrade by Moody's may be sign of things to come, says BofA/Merrill
BofA Merrill Lynch analyst John Murphy said Ford's corporate borrowing costs will likely remain unchanged in the near-term despite Moody's downgrade of the company's senior unsecured rating to Ba1, or a junk status, since Ford faces no significant near-term debt maturities. While the financial implications seem "somewhat de minimis at present," Moody's move on Ford's credit rating could be a harbinger of future downgrades for the company and even for the broader automotive value chain, particularly for those undergoing turnaround efforts, said Murphy. While he does not disagree with many of the concerns raised by Moody's, Murphy thinks Ford's dividend will be maintained for the foreseeable future and views the near-term product cycle as robust. He also believes improved execution and communication may help Ford's multiple to recover despite the "somewhat disappointing" downgrade news, leading Murphy to keep a Buy rating on Ford shares.
09/18/19
MSCO
09/18/19
NO CHANGE
Target $12
MSCO
Overweight
Ford details on EVs, cost savings to be catalysts, says Morgan Stanley
Morgan Stanley analyst Adam Jonas, in a note to investors titled "Ford Ready to Shock with BEV and Cost Savings?," said his conviction has increased, based on investor positioning and low expectations for Ford in the equity and debt market, that the company offering details around its battery electric vehicle plans and cost savings expectations can be catalysts for the stock. Ford has communicated $11B of restructuring charges, but hasn't made clear any annual savings targets so that consensus forecasts don't include them, Jonas said. He currently gives Ford credit for roughly $1B of restructuring savings and expects the company to outline its savings forecasts to the investment community within the next two quarters. Jonas, who also expect Ford's electrification strategy to shift from hybrids to battery electric over the next 24 months, reiterated his Overweight rating and $12 price target on Ford shares.
09/27/19
MSCO
09/27/19
NO CHANGE
Target $12
MSCO
Overweight
Ford Q3 may lack 'punch,' but weakness would be opportunity, says Morgan Stanley
Morgan Stanley analyst Adam Jonas lowered his 2019 EPS forecast for Ford to $1.22 from $1.30 to account for his inclusion of estimated UAW contract ratification costs and also pointed to headwinds related to a challenging ramp-up of Explorer in Q3 and more losses from China imports in the second half. While he thinks Ford's Q3 report "may not pack a big punch," Jonas would see any related weakness in Ford shares as a buying opportunity as he is attracted to low expectations for Ford in the equity and debt markets. Jonas, who added that he likes the current setup for Ford "very much," reiterated his Overweight rating and $12 price target on the shares.
10/01/19
BUCK
10/01/19
NO CHANGE
Target $8
BUCK
Neutral
Ford price target lowered to $8 from $9 at Buckingham
Buckingham analyst Joseph Amaturo maintained a Neutral rating on Ford and lowered his price target to $8 from $9, citing a more cautious view of earnings per share and free cash flow for the second half of the year as well as heightened concerns for 2020. Amaturo tells investors in a research note that he is "pretty confident" Ford will fall meaningfully short of EPS and adjusted free cash flow expectations for the third quarter when it reports on October 23, and says he is becoming increasingly concerned about end market demand in many of the markets it participates in.

TODAY'S FREE FLY STORIES

WE

We Company

$0.00

(0.00%)

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CTST

CannTrust

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-0.085 (-9.29%)

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UBER

Uber

$31.45

1.36 (4.52%)

, LYFT

Lyft

$39.73

0.24 (0.61%)

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UBER

Uber

$31.45

1.36 (4.52%)

LYFT

Lyft

$39.73

0.24 (0.61%)

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  • 30

    Oct

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ZNH

China Southern Airlines

$31.30

(0.00%)

12:40
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10/14
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Upgrade
China Southern Airlines rating change  »

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12:35
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General news
U.S. Empire State manufacturing index rose 2 points to 4 in October »

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CTST

CannTrust

$0.83

-0.085 (-9.29%)

12:30
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Breaking Hot Stocks news story on CannTrust »

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USAT

USA Technologies

$0.00

(0.00%)

12:25
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USA Technologies says proposal to work with Hudson rejected by Braunstein »

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AYX

Alteryx

$113.99

2.33 (2.09%)

12:25
10/14/19
10/14
12:25
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12:25
Options
Alteryx call volume above normal and directionally bullish »

Bullish option flow…

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  • 06

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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Technical Analysis
NASDAQ market internals summary »

Volume is below average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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10/14
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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HGV

Hilton Grand Vacations

$32.59

-0.09 (-0.28%)

12:12
10/14/19
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12:12
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Hot Stocks
Breaking Hot Stocks news story on Hilton Grand Vacations »

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HGV

Hilton Grand Vacations

$32.59

-0.09 (-0.28%)

, APO

Apollo Global

$38.61

-0.11 (-0.28%)

12:11
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Hot Stocks
Hilton Grand Vacations jumps after Apollo Global said to bid $40 per share »

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HGV

Hilton Grand Vacations

$32.59

-0.09 (-0.28%)

APO

Apollo Global

$38.61

-0.11 (-0.28%)

BX

Blackstone

$46.23

-0.87 (-1.85%)

03/08/13
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  • 23

    Oct

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    Nov

DB

Deutsche Bank

$7.57

0.1 (1.34%)

12:10
10/14/19
10/14
12:10
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Periodicals
Deutsche Bank lavished gifts in China to win business, NY Times reports »

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  • 04

    Nov

HGV

Hilton Grand Vacations

$32.60

-0.08 (-0.24%)

, APO

Apollo Global

$38.60

-0.12 (-0.31%)

12:08
10/14/19
10/14
12:08
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12:08
Periodicals
Breaking Periodicals news story on Hilton Grand Vacations, Apollo Global »

Apollo said to bid near…

HGV

Hilton Grand Vacations

$32.60

-0.08 (-0.24%)

APO

Apollo Global

$38.60

-0.12 (-0.31%)

03/08/13
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  • 31

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HGV

Hilton Grand Vacations

$32.60

-0.08 (-0.24%)

12:06
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Hot Stocks
Breaking Hot Stocks news story on Hilton Grand Vacations »

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RARE

Ultragenyx

$42.08

-0.69 (-1.61%)

12:05
10/14/19
10/14
12:05
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12:05
Conference/Events
Ultragenyx participates in a conference call with JPMorgan »

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  • 31

    Jul

GGAL

Grupo Financiero

$12.99

-0.06 (-0.46%)

12:05
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Options
Grupo Financiero call volume above normal and directionally bullish »

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11:55
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Conference/Events
JPMorgan telecom/networking equip analyst holds analyst/industry conference call »

Telecom & Networking…

VST

Vistra Energy

$27.00

-0.08 (-0.30%)

11:55
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Options
Vistra Energy put volume heavy and directionally bearish »

Bearish flow noted in…

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SDC

SmileDirectClub

$10.11

-0.99 (-8.92%)

11:50
10/14/19
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11:50
On The Fly
SmileDirectClub drops after Dental Board of California sunset bill signed »

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  • 12

    Nov

RVNC

Revance

$13.01

0.84 (6.90%)

11:47
10/14/19
10/14
11:47
10/14/19
11:47
Recommendations
Revance analyst commentary  »

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  • 25

    Oct

HAL

Halliburton

$18.43

-0.515 (-2.72%)

11:45
10/14/19
10/14
11:45
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11:45
Options
Halliburton call volume above normal and directionally bullish »

Bullish option flow…

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  • 21

    Oct

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    Nov

NKE

Nike

$94.87

0.97 (1.03%)

, WDC

Western Digital

$59.11

0.75 (1.29%)

11:41
10/14/19
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11:41
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11:41
On The Fly
Nike, Western Digital upgrades among today's top analyst calls »

Check out today's top…

NKE

Nike

$94.87

0.97 (1.03%)

WDC

Western Digital

$59.11

0.75 (1.29%)

TPR

Tapestry

$24.94

-1.03 (-3.97%)

HPE

HP Enterprise

$14.77

0.42 (2.93%)

XLNX

Xilinx

$96.33

0.15 (0.16%)

DAL

Delta Air Lines

$52.71

-0.23 (-0.43%)

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  • 14

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SDC

SmileDirectClub

$10.33

-0.77 (-6.94%)

11:32
10/14/19
10/14
11:32
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11:32
Recommendations
SmileDirectClub analyst commentary  »

SmileDirectClub may have…

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  • 12

    Nov

INTC

Intel

$51.65

-0.41 (-0.79%)

11:28
10/14/19
10/14
11:28
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11:28
Periodicals
Intel may skip 10nm for desktop CPUs, Wccftech reports »

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