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Buy Ford Over GM? This Analyst Says So After Looking At 2016 Picture

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Buy Ford Over GM? This Analyst Says So After Looking At 2016 Picture

With global light-vehicle sales due out on Tuesday, Buckingham Research analyst Joseph Amaturo released a new report previewing what investors can expect and outlining the firm’s take on General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F).

Amaturo is projecting U.S. light vehicle SAAR of 16.7 million units for January, up 2.9 percent over last year’s number.

“Although this represents a significant deterioration from current levels, we believe sales demand will pick up in February/March, as much of the country was hit by inclement weather conditions during the back half of the month,” he explained.

Related Link: Tesla, GM And Delphi Best Stocks In A Worsening Auto Market

While the relatively weak January numbers may come as a disappointment to investors, Amaturo noted that Buckingham sees this weakness as a plateau in the market and not a peak.

Buckingham maintains a Buy rating on General Motors and predicts 8.5 percent sales growth from the company compared to -9.0 percent sales growth for Neutral-rated Ford.

Disclosure: The author holds no position in the stocks mentioned.

Image Credit: Public Domain

Latest Ratings for F

DateFirmActionFromTo
Jan 2021JP MorganUpgradesNeutralOverweight
Nov 2020Morgan StanleyDowngradesOverweightEqual-Weight
Nov 2020UBSMaintainsNeutral

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