HSBC Analyst Rates Ford Motor Co as Hold Amidst Automotive Industry Disruption

HSBC's Wesley Brooks initiated their coverage on Ford Motor Co (NYSE: F) with a Hold rating and a $11.3 price target. Brooks highlighted several factors that led HSBC to declare that the "age of disruption is underway" in the automotive industry. These factors include the rising adoption of electric vehicles, the growing importance of software, and cost pressures affecting auto stocks. According to Brooks, the current prices of these stocks do not accurately reflect the cash flow expectations for the Buy-rated stocks in their portfolio.

According to a recent survey, 50% of top-rated analysts currently rate F as a Strong Buy or Buy, while the remaining 50% see it as a Hold. None of the analysts recommend or strongly recommend selling the stock. The consensus forecast among analysts is that Ford's upcoming year will deliver earnings per share (EPS) of $1.7. If the analysts' predictions hold true, Ford's next yearly EPS will witness a 10.2% increase on a year-over-year basis.

However, it's worth noting that since Ford's last quarterly report on September 30, 2023, the stock price has experienced a decline of 13.8%. When comparing the stock's performance year-over-year, it is down by 20%. During this period, Ford has been trailing behind the S&P 500, which itself has experienced a decline of 14.3%.

Wesley Brooks, the HSBC analyst who initiated coverage on Ford, is ranked by WallStreetZen in the bottom 48% out of 4,418 Wall Street analysts. Brooks has an average return of 0.3% and a win rate of 28.6%. Their specialization includes the Consumer Defensive and Industrials sectors, among others.

Ford Motor Company, incorporated in 1903 and headquartered in Dearborn, MI, is a renowned manufacturer of automobiles and commercial vehicles under the Ford brand. The company also produces luxury cars under the Lincoln brand.

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WallStreetZen and Don Francis do not hold any positions in the companies mentioned in this article. The information and statistics provided herein are presented for general informational purposes only and may not be accurate, complete, or up-to-date. It should not be interpreted as a recommendation to buy or sell any stocks and should not be solely relied upon for making investment decisions. It does not take into account your financial situation or risk profile. All investors should conduct their own investment due diligence before buying a stock. WallStreetZen expressly disclaims any liability for the accuracy, reliability, or completeness of the analysts' information, price targets, ratings, or opinions.