Its time to Buy Ford Shares
The Bullish bet on Ford Motor (NYSE:F) has paid of in spades in the last year, its shares are up 74% in the past 12 months and the party continues today as its stock adds another 5%.
Over the past 12 months Ford Motor Co (F) shares have traded between $6.61 and its 52-week high of $14.57. Ford shares are now trading with a P/E Ratio of 7.9 and EPS of 1.49 and have recovered 46.65% from its 52-week low.
Barclays Capital upgraded Ford today to Overweight from Equal-Weight with a $16 price target. Thanks to the upgrade Ford shares are trading at $12.46, up 4.97% or 59 cents and volume is currently at 92.8 million shares traded. If Barclays is right about the $16 price that implies a 12 month return of 28% on Ford shares.
For more on the upgrade read istockanalyst.com's article>>