by Sam Collins | October 17, 2012 1:04 am
Ford Motor Co. (NYSE:F) — Analysts expected the second largest U.S. automaker to increase revenues this year chiefly from operations in the United States, China, and most European countries. But due to weakness in the first half of the year resulting from the return of competition from Japanese cars and worsening European and South American markets, earnings for this year are expected to fall to $1.23, down from $4.94 a year ago.
But a fresh lineup of cars and trucks for 2013, along with rising global vehicle demand, are expected to result in earnings of $1.47 next year. The mean price target of the 16 analysts that cover Ford is $13.93.
Technically, the stock appears to be forming a bottom with a breakout between $10.75 and $11. Supporting the positive opinion is a new buy signal from the MACD indicator. Buy Ford at the market.
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