Analysts Bullish Stance On Ford Motor Stock
The auto making giant has been provided with a bullish rating from analysts at Zacks
Ford Motor has been covered by a number of analysts in the industry, who seems to be having quite a lot of different opinions on the stock of the auto making company. In recent news, it was seen that the giant reported some important transactions within the management to the Security Exchange Commission in which it was seen that one of the directors of the auto firm carried out a massive purchase valued up to $41,550 in the first week of September 2015. As for the standard deviation of the purchase of the shares, the figure has come around at a price of $8.73.
Analysts at Zacks have been giving Fords stock very close attention, keeping a track on all kinds of ups and downs that are observed by the company to know where it could be headed in the near future. According to the scale of 1 to 5 that is normally provided by the analysts of the equity firm to all the companies it chooses to cover to measure the kind of state it is in the industry, a particular rating has also been suggested for the hybrid car makers. Given how the earnings for the last reported financial quarter were more than the estimations set by the giant, analysts are of the opinion that this shows that the auto making giant is in a good position to go forward in the auto industry.
This rating by analysts at Zacks has been given to the giant supported by quite a lot of reasons, which include how Fords business has been carrying out proper launches of all of its cars and products timely and how it has put all of its attention towards growing in the Asian region along with the one it is already established in. Apart from that, the global deployment rate which has been noted down by the analysts has turned them over the top positive towards the future of the giant. As for One Ford turnaround, the plan has been deemed as a huge success by equity analysts and they believe that this has become one of the most important factors which have determined the current progress it has been facing the firm.
In the past trade session that was noted down by the stock index, Ford’s shares were seen to close at a price of $15.22. However, analysts firms like Vetr have also given out ratings to the giant with a price target that aims at a share price of $33.