Should you buy Ford stock now?
The case for buying Ford stock right now
There are two things that make Ford’s stock especially interesting right now: It’s cheap.
Ford is trading at just 6.5 times its anticipated 2020 earnings.
That’s low: we’d normally expect a healthy automaker to be trading around 10 times earnings.
Why is Ford stock so low?
Shares of Ford Motor (NYSE:F) were trading lower on Thursday, after the company said that it is suspending its dividend and drawing down its lines of credit as it braces for a period of factory shutdowns. As of 11 a.m. EDT, the automaker’s stock was down about 4.7% from Wednesday’s closing price.
Is Ford’s dividend safe 2020?
Ford Says Its 2020 Dividend Is Safe. The current dividend commitment is $2.4 billion annually, according to Dan Levy, a senior research equity analyst at Credit Suisse. Ford currently pays a quarterly dividend of 15 cents a share, a level it’s been at since early 2015.
What is the best stock to buy right now?
Best stocks as of April 2020
|Symbol||Company name||Price performance (52 weeks)|
|LRCX||Lam Research Corp||34.07%|
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