Strong Ford Report for Q2 2022 and Latest Price Targets for 2023

Posted by:Alex Belov Posted on:Jul 28,2022

Ford on July 27, 2022 published a strong report for the 2nd quarter of 2022. The Ford report beat analysts’ expectations.

Key financial highlights from Ford’s Q2 2022 report

  • – Revenue = $40.19 billion (+50% YoY). Analysts had forecast revenue of $37.05 billion.
  • – EPS = $0.68 (+423% YoY). Analysts predicted $0.44.

Sales of Ford vehicles in the US in the second quarter of 2022 increased by 1.8% compared to the same quarter last. Sales of Ford SUVs and crossovers are up 8% year on year. The increase in sales is due to the fact that the company was able to release more popular models for its dealers in the United States.

Ford Motor (F) Stock
Ford
F
Price on July 28, 2022
$13.94 
Consensus Rating = "Neutral"
Lowest Price Target
$10
Average target price
$14.60
Maximum target price
$25

Latest price targets and forecasts for Ford Motor(NYSE:F) stock for 2023

DATE: 07/28/2022
Analyst "RBC Capital"
4.5/5
Consensus Rating = Sector
Price Target Change for the next 12 months = $16 → $15
Percent upside potential for stocks
7.91%
DATE: 07/26/2022
Analyst "JP Morgan"
4.5/5
Consensus Rating = Overweight
Price Target Change for the next 12 months = $21 → $19
Percent upside potential for stocks
36.69%
DATE: 07/18/2022
Analyst "Deutsche Bank"
4.5/5
Consensus Rating = Hold
Price Target Change for the next 12 months = $17 → $12
Percent upside potential for stocks
-13.67%
DATE: 07/11/2022
Analyst "Wells Fargo"
4.5/5
Consensus Rating = Underweight
Price Target Change for the next 12 months = $12 → $10
Percent upside potential for stocks
-28.37%
Share analytics

Alex Belov

Developers by oneinveststock.com. Analyst, investor

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