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Ford and Fiat Chrysler sales fall less than expected, GM misses

US Automakers Outsell June Estimates End Anemic 1-H Ford and Fiat Chrysler sales fall less than expected, GM misses
Debra Rodriguez | 04 July, 2017, 00:47

GM touted the success of its crossover SUVs, which is the fastest growing US retail market segment. Jefferies maintained the stock with "Hold" rating in Tuesday, May 23 report.

A number of other analysts have also recently issued reports on the company. Moreover, Naples Ltd Liability Co has 0.4% invested in Ford Motor Company (NYSE:F) for 83,815 shares. After having $0.39 EPS previously, Ford Motor Company's analysts see 12.82 % EPS growth. Zacks Investment Research lowered General Motors Company from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 14th. Finally, ValuEngine cut Ford Motor Company from a "buy" rating to a "hold" rating in a research report on Saturday, June 17th. The firm's stock has a market capitalization of $44.48 bln.

Among 14 analysts covering CF Industries Holdings (NYSE:CF), 7 have Buy rating, 1 Sell and 6 Hold. The company has a consensus rating of "Hold" and an average price target of $13.41. The stock's 50 day moving average price is $27.87 and its 200 day moving average price is $29.61. The firm has a market cap of $52.71 billion, a price-to-earnings ratio of 5.40 and a beta of 1.45.

General Motors Company (NYSE:GM) on Friday closed at $34.93. (NASDAQ:JD). At the time of writing, the First Call consensus price target for the company is $43.50.

The shift is good news for companies that rely heavily on pickup trucks and SUVs such as Ford, GM and Fiat Chrysler. The auto manufacturer reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.45 by $0.25. General Motors Company had a net margin of 5.92% and a return on equity of 22.82%. The United Bank Inc holds 326,757 shares with $3.96 million value, up from 277,667 last quarter. During the same period in the prior year, the firm earned $0.68 EPS. Earnings, with 20 analysts believing the company would generate an Average Estimate of $0.44. Stockholders of record on Friday, June 9th were issued a $0.38 dividend.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and republished in violation of global trademark and copyright legislation. But some automakers are having to raise discounts and sell more vehicles to rental auto companies to keep their sales numbers up. Sarissa Capital Management Lp sold 100,000 shares as Advaxis Inc (ADXS)'s stock declined 8.62%. Savant Capital Ltd Liability Company invested in 33,689 shares or 0.11% of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Sprint Corporation (NYSE:S)'s shares on Friday traded in the range of 8.06 - 8.28 and ended up on $8.21. The shares were purchased at an average price of $32.92 per share, for a total transaction of $50,038.40. The disclosure for this sale can be found here.

Toyota Motor Corp.'s deliveries climbed 2.1 percent in June, while Honda Motor Co. sales rose 0.8 percent from the same month previous year, both surpassing analyst estimates. Quantres Asset Mgmt Limited owns 0.39% invested in Ford Motor Company (NYSE:F) for 46,500 shares.

In the past 5 years, the stock showed growth of 2.7% per annum. Acadian Asset Management LLC increased its position in Ford Motor Company by 130.3% in the first quarter. The firm owned 1,568,972 shares of the auto manufacturer's stock after buying an additional 153,865 shares during the period. Equities analysts expect that General Motors Company will post $6.05 EPS for the current fiscal year. Insiders own 1.08% of the company's stock. Credit Agricole S A now owns 8,242,316 shares of the auto manufacturer's stock valued at $99,981,000 after buying an additional 523,049 shares in the last quarter. It also increased its holding in Kroger Co (NYSE:KR) by 146,588 shares in the quarter, for a total of 367,802 shares, and has risen its stake in Vanguard (VWO). Mosaic Family Wealth LLC now owns 10,025 shares of the auto manufacturer's stock worth $354,000 after buying an additional 900 shares in the last quarter.

Several other research analysts have also recently weighed in on F.

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