Ford (NYSE: F) is up 5.3% since the close on August 31st, 2017. On the day of the monthly sales news, the stock soared by 3% from $11.03 to $11.35. Other auto manufacturers such as GM also gained 2.23% on September 1st, 2017. In previous months, F was underperforming the domestic automakers regarding monthly sales. Continuing with the monthly analysis, I would like to discuss Ford’s auto sales to determine if an investment in Ford is plausible now.
The Auto Segment
In August 2017, auto sales totaled 523,000 units, Figure 1. Unit sales declined by 9.8% on a YOY basis largely due to a decline of 14% in imported auto sales according to the Bureau of Economic Analysis. Domestic auto sales only fell by 8.2%. To put the data in perspective, auto sales for August 2016 dropped by 13.4% compared to August 2015, Figure 2.
In September 2016, the domestic and import automakers sold 555,500 units, representing a decline of 7.1% YOY. Therefore, I would like to see auto units sold of more than 516,615 for September 2017 so that the decline YOY is less than 7.1%. However, if the decline is less than 7.1% in September, we need to be careful because any surge in auto demand could be masked due to the extraordinary events of hurricanes Harvey and Irma.
Hot Performing Stocks To Buy Right Now: Fox Factory Holding Corp.(FOXF)
Advisors’ Opinion:
- [By Joseph Griffin]
Fox Factory (NASDAQ:FOXF) had its price objective hoisted by Robert W. Baird from $58.00 to $68.00 in a research report report published on Friday morning. They currently have a neutral rating on the stock.
- [By Ethan Ryder]
BidaskClub lowered shares of Fox Factory (NASDAQ:FOXF) from a strong-buy rating to a buy rating in a report released on Thursday morning.
A number of other equities research analysts also recently commented on FOXF. Zacks Investment Research raised Fox Factory from a hold rating to a buy rating and set a $48.00 price objective for the company in a research report on Thursday, June 14th. Robert W. Baird lifted their price objective on Fox Factory from $42.00 to $52.00 and gave the company a neutral rating in a research report on Tuesday, July 24th. ValuEngine raised Fox Factory from a buy rating to a strong-buy rating in a research report on Friday, August 3rd. Jefferies Financial Group lifted their price objective on Fox Factory from $63.00 to $65.00 and gave the company a buy rating in a research report on Thursday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on Fox Factory from $42.00 to $55.00 and gave the company a hold rating in a research report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $56.86.
- [By Jeremy Bowman]
After a fourth quarter that featured some stock price volatility for Fox Factory Holding (NASDAQ:FOXF), shareholders this week were looking to its earnings report for some reassurance that the company’s growth plan was intact, and that it could withstand the pressures created by the ongoing trade war as U.S.-China negotiations continue to play out.
- [By Joseph Griffin]
ValuEngine upgraded shares of Fox Factory (NASDAQ:FOXF) from a hold rating to a buy rating in a report published on Thursday morning.
Several other brokerages also recently issued reports on FOXF. BidaskClub downgraded Fox Factory from a sell rating to a strong sell rating in a report on Monday, February 5th. DA Davidson reiterated a buy rating on shares of Fox Factory in a research report on Monday, May 7th. Finally, Zacks Investment Research upgraded Fox Factory from a hold rating to a buy rating and set a $39.00 price objective on the stock in a research report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Fox Factory presently has a consensus rating of Hold and an average price target of $39.50.
- [By Stephan Byrd]
Fox Factory (NASDAQ:FOXF) updated its first quarter 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.44-0.49 for the period, compared to the Thomson Reuters consensus estimate of $0.47. The company issued revenue guidance of $150-158 million, compared to the consensus revenue estimate of $147.57 million.Fox Factory also updated its FY 2019 guidance to $2.45-2.55 EPS.
- [By Shane Hupp]
Berenberg Bank began coverage on shares of Fox Factory (NASDAQ:FOXF) in a report published on Wednesday morning, Marketbeat.com reports. The firm issued a buy rating and a $51.00 price target on the stock.
Hot Performing Stocks To Buy Right Now: Portland General Electric Company(POR)
Advisors’ Opinion:
- [By Logan Wallace]
ValuEngine upgraded shares of Portland General Electric (NYSE:POR) from a sell rating to a hold rating in a report issued on Friday.
Several other equities research analysts also recently commented on POR. Guggenheim reiterated a hold rating and set a $40.00 target price on shares of Portland General Electric in a research report on Friday, February 23rd. Bank of America downgraded shares of Portland General Electric from a neutral rating to an underperform rating and cut their target price for the stock from $41.00 to $39.00 in a research report on Tuesday, March 6th. JPMorgan Chase & Co. cut their target price on shares of Portland General Electric from $42.00 to $41.00 and set a neutral rating on the stock in a research report on Tuesday, March 27th. Finally, Zacks Investment Research upgraded shares of Portland General Electric from a sell rating to a hold rating in a research report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $42.44.
- [By Shane Hupp]
Mizuho reiterated their buy rating on shares of Portland General Electric (NYSE:POR) in a research report report published on Thursday. They currently have a $50.00 price target on the utilities provider’s stock.
- [By Shane Hupp]
Sky Solar (NYSE: POR) and Portland General Electric (NYSE:POR) are both utilities companies, but which is the superior stock? We will contrast the two companies based on the strength of their dividends, earnings, valuation, risk, profitability, institutional ownership and analyst recommendations.
- [By Max Byerly]
Massachusetts Financial Services Co. MA grew its stake in shares of Portland General Electric (NYSE:POR) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 646,219 shares of the utilities provider’s stock after buying an additional 93,580 shares during the period. Massachusetts Financial Services Co. MA owned 0.72% of Portland General Electric worth $27,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Shane Hupp]
Get a free copy of the Zacks research report on Portland General Electric (POR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Opus Investment Management Inc. lowered its holdings in Portland General Electric (NYSE:POR) by 8.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,200 shares of the utilities provider’s stock after selling 8,400 shares during the quarter. Opus Investment Management Inc. owned about 0.11% of Portland General Electric worth $3,857,000 at the end of the most recent quarter.
Hot Performing Stocks To Buy Right Now: Textainer Group Holdings Limited(TGH)
Advisors’ Opinion:
- [By Ethan Ryder]
Textainer Group (NYSE: TGH) is one of 17 publicly-traded companies in the “Equipment rental & leasing, not elsewhere classified” industry, but how does it contrast to its rivals? We will compare Textainer Group to similar companies based on the strength of its analyst recommendations, valuation, institutional ownership, profitability, earnings, dividends and risk.
- [By Shane Hupp]
Textainer Group (NYSE: TGH) is one of 17 public companies in the “Equipment rental & leasing, not elsewhere classified” industry, but how does it weigh in compared to its rivals? We will compare Textainer Group to similar companies based on the strength of its valuation, profitability, analyst recommendations, dividends, earnings, institutional ownership and risk.
- [By Joseph Griffin]
ValuEngine cut shares of Textainer Group (NYSE:TGH) from a sell rating to a strong sell rating in a research note released on Wednesday morning.
Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Textainer Group from a buy rating to a hold rating in a research note on Wednesday, April 25th. Compass Point started coverage on Textainer Group in a research note on Monday, April 23rd. They set a neutral rating and a $17.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $20.67.
- [By Shane Hupp]
These are some of the news stories that may have effected Accern’s scoring:
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Head to Head Survey: Textainer Group (TGH) vs. The Competition (americanbankingnews.com) Textainer Group (TGH) Upgraded by ValuEngine to “Buy” (americanbankingnews.com) Financial Comparison: Textainer Group (TGH) vs. The Competition (americanbankingnews.com) Aircastle (AYR) versus Textainer Group (TGH) Head-To-Head Comparison (americanbankingnews.com) Critical Comparison: Textainer Group (TGH) and Its Rivals (americanbankingnews.com)
Shares of Textainer Group stock opened at $17.85 on Friday. The stock has a market capitalization of $1,019.18, a P/E ratio of 43.54 and a beta of 2.50. Textainer Group has a 1 year low of $9.60 and a 1 year high of $26.50. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.28.