Ford Motor (NYSE:F) plans to sell 2,000 plug-in hybrid cars to General Electric (NYSE:GE)

Ford Motor Company (NYSE:F) has decided to sell 2,000 plug-in hybrid cars to General Electric Company (NYSE:GE) for its corporate fleet. Both companies declared the purchase Tuesday. General electric (GE) will try to achieve a goal of converting half its fleet to alternative energy vehicles. With the Ford Motor (F) purchase, GE currently owns 5,000 alternative-fuel vehicles, or about 10 percent of its fleet.

Under the agreement, the automaker will endorse GE’s electric vehicle charging stations. The two companies also agreed to engage researchers from Georgia Tech University to study employees’ driving and charging habits. Then, companies that want to add electric cars to their fleets will be provided the results of those studies.

Where the stock is moving now?

Shares of Ford Motor traded up 3.14% during last trading session, closing at $10.83. The share price of Ford Motor traded yesterday in a range of $10.65 to $10.90. The company now has a market value of $40.52 billion.

Is current price trend good or bad?

The stock, after recent close, is 4.56% up their SMA 50 and 15.71% off the 52-week high. The worst hit in its 52 week range is $8.82 per share, with $13.05 as its 52 week best price that compares with a latest closing price of $10.83. Its most recent closing price has a distance of +1.12% from SMA20 and is 1.82% up than SMA200.

Now compare performances of this stock in different time periods.

With recent gain, the year-to-date (YTD) performance reflected a 2.56% gain above last year. During the past month the stock advanced 4.54%, bringing three-month performance to +13.05% and six-month performance to +9.28%.

How much risky is this stock?

For this company, beta value at 2.28 represents it is more volatile to the shift in the market. If we take a look on its volatility, 2.87% was seen in a week and for the month it was 2.74%.

Not enough? See what Wall Street analysts think about this company.

For the stock, mean recommendation this week is 2.1. Sharing price target summary; nearly 15 brokerages have a mean PT as $14.67 and median PT of $14.00 while the highest price target set by those rating agencies was $20.00 and lowest PT was $12.00.

 

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