#1 - Ford (NYSE:F)
The electric vehicle (EV) sector is full of companies that recently went public or are in the process of doing so. That makes Ford (NYSE:F) a compelling choice as our first of the undervalued stocks you should consider. In fact, Ford is considered to be one of the most undervalued stocks to this point.
With a stock price of over $12, a price the company hasn’t seen since 2018, you might say the stock is not undervalued. However, Ford has a market cap of around $45 billion with free cash flow of around $3 billion. The company finally looks like it has its balance sheet in order and just in time to deliver on its promise to go all in on electrification.
A key part of that strategy will be its partnership with the electric truck manufacturer, Rivian. Ford bought a minority stake in the company in 2019. Rivian is expected to deliver its first truck this year which should add to Ford’s value.
Ford’s own Mustang Mach-E is on track to launch this summer. The Mustang will be the first of over a dozen EVs the company is planning to launch in the next two years.
About Ford Motor
Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
Read More - Current Price
- $10.76
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $12.02 (11.7% Upside)
