June 21, 2017

Ford Motor Company (NYSE:F) will move some production of small car to China

Ford Motor Company (NYSE:F) said it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.-China trade relations despite recent tensions. The move suggests China could play a much larger role in future vehicle production for North America, perhaps eclipsing Mexico as a low-cost manufacturing source. Ford painted the production shift from Mexico to China, slated for mid-2019, as a purely financial move that will save the company $500 million in reduced tooling costs.

Ford Motor Company (NYSE:F) on Tuesday closed at $11.12. Stock institutional ownership is 58.20% while insider ownership includes 0.20%. Ford Motor Company (NYSE:F) distance from 50-day simple moving average (SMA50) is -0.37%.

Analyst’s Analysis on Ford Motor Company (NYSE:F)

Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $12.85 while their mean recommendation is 2.80 (1=Buy, 5=sell). The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 2.79 on scale of 1-5.

WageWorks, Inc. (NYSE:WAGE) announced the pricing of its follow-on public offering of 2,500,000 shares of its common stock at a price to the public of $69.25 per share. WageWorks is selling 1,954,852 shares of common stock, and certain of WageWorks’ existing stockholders are selling an aggregate of 545,148 shares of common stock, in the offering. WageWorks has also granted the underwriters a 30-day option to purchase up to 375,000 additional shares.

WageWorks, Inc. (NYSE:WAGE)’s shares on Tuesday traded in the range of 69.70 – 71.35 and ended up on $70.20. WageWorks, Inc. (NYSE:WAGE) distance from 200-day simple moving average (SMA200) is 0.27%. WAGE’s sales growth for past 5 years was 21.90% and its EPS growth for past 5 years was -12.40%.

What Analysts Say About WageWorks, Inc. (NYSE:WAGE)

Stock has got outperform rating from 4 of Thomson Reuters analysts whereas 1 given HOLD rating to the stock. Analyst’s mean target price for the firm is $83.00 while analysts mean recommendation is 1.90.

On last trading day, Babcock & Wilcox Enterprises, Inc. (NYSE:BW) traded 279262 shares and was closed at $11.17 per share. Company stock is -47.04% away from its one year high and is moving 30.80% ahead of its one year low. Stock monthly performance is recorded as 6.18% while its performance in last one week is -0.80%. BW quarterly performance is 24.67% while firm’s price to sale ratio is 0.34 and price to book ratio is 0.98.

Analyst’s Analysis on Babcock & Wilcox Enterprises, Inc. (NYSE:BW)

Number of analysts are eying on this stock, and after detailed observation, they have given the stock mean target price of $12.83 while their mean recommendation is 2.70 (1=Buy, 5=sell). The consensus recommendation by Thomson Reuters Analysts is Hold for BW and their mean rating for the stock is 2.57 on scale of 1-5.

1 comment

  1. PulSe

    Ford Focus – consider yourself off my list of possibilities. I will not purchase a car made in, or owned by, in China.

    Join Volvo.

Leave a Reply

Your email address will not be published. Required fields are marked *