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However, Wall Street analysts expect the stock to hit $18.08 in the near term, which indicates a potential 6.6% decline.. F’s total vehicle sales fell 4% year-over-year to 175,918 in October 2021. Furthermore, analysts expect the company’s revenue and EPS to decline 0.4% and 47.2%, respectively, year-over-year to $33.41 billion and $0.47 for the quarter ending March 31, 2022. So, we think it could be wise to wait for a better entry point in the stock.
The auto manufacturing industry continues to be impacted by the ongoing semiconductor chip shortage. However, according to a Yahoo finance report, there is tremendous pent-up car demand, which should help the industry recover. So, we think it could be wise to invest in quality auto manufacturing stocks Toyota Motor Corporation (NYSE:TM) and Honda Motor Co., Ltd. (HMC) instead. They both have an overall A (Strong Buy) or B (Buy) rating in our proprietary POWR Ratings system.
