Ford (F) Partners with BYD for Battery Supply Amidst Seven-Day Stock Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Stock Decline: Ford shares fell 1.80% to $13.36 during Tuesday's trading, marking a seven-day decline with a cumulative drop of nearly 4.25% over the previous six sessions, indicating market concerns about its future performance.
- Battery Supply Partnership: Ford is negotiating with China's largest automaker BYD for battery supply agreements to replace terminated contracts with LG Energy Solutions and SK On, aiming to import BYD batteries to its overseas factories to enhance hybrid vehicle production capacity.
- Analyst Rating Discrepancies: According to Seeking Alpha's Quant Rating, Ford holds a 'Hold' rating with a score of 3.34, receiving an A+ for profitability prospects but an F for growth, reflecting analysts' concerns about its future growth, with only 4 out of 21 analysts recommending a buy.
- Investment Appeal: Despite delayed EV profitability targets pushed to 2029, analyst Dilantha De Silva views Ford's stock as attractive at 12.8x forward earnings, with shares gaining nearly 30% over the past year, outperforming the S&P 500's approximately 17% rise.
Analyst Views on F
Wall Street analysts forecast F stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for F is 13.65 USD with a low forecast of 11.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
3 Buy
10 Hold
1 Sell
Hold
Current: 13.600
Low
11.00
Averages
13.65
High
16.00
Current: 13.600
Low
11.00
Averages
13.65
High
16.00
About F
Ford Motor Company is an automobile company. The Company develops and delivers Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles, along with connected services. The Company’s segments include Ford Blue, Ford Model e, Ford Pro, and Ford Credit. The Ford Blue segment primarily includes the sale of Ford and Lincoln internal combustion engine (ICE) and hybrid vehicles, service parts, accessories, and digital services for retail customers. The Ford Model e segment primarily includes the sale of its electric vehicles, service parts, accessories, and digital services for retail customers. The Ford Pro segment primarily includes the sale of Ford and Lincoln vehicles, service parts, accessories, and services for commercial, government, and rental customers. The Ford Credit segment consists of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. Its vehicle brands are Ford and Lincoln.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
