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Ford Motor Company (NYSE:F) will cut 12,000 jobs in Europe by end of next year

By on June 28, 2019 0

Ford Motor Company (NYSE:F) said it will have cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and record-level investments to build low emission cars. The challenge of investing in electric, hybrid and autonomous vehicles while having to overhaul combustion engines to meet new clean-air rules, has forced Europe’s carmakers to slash fixed costs and streamline their model portfolios.

Ford Motor Company (NYSE:F), a Consumer Goods sector firm, traded 42.85 Million shares in last trading session with closing price of $10.20 per share. Company gross margin stands at 9.30% whereas its return on investment (ROI) is 1.30%. Stock value has moved between $7.39 – 11.59 in last one year. Analyst’s mean target price for Ford Motor Company (NYSE:F) is $10.44 while analysts mean recommendation is 2.60. F EPS growth this year is -50.70%. 

On last trading day, Infosys Limited (NYSE:INFY) shares closed at $10.62 per share. INFY market capitalization is 46058.20 with beta of 0.52. Analyst’s mean target price for Infosys Limited (NYSE:INFY) is $10.79 whereas analysts mean recommendation is 2.90. Its weekly performance is -1.39% while year to date (YTD) performance is 12.16%. 

In last session Norbord Inc. (NYSE:OSB) traded 197470 shares and was closed at $24.58. Analyst’s mean target price for OSB is $36.11 while analysts mean recommendation is 3.00. Company is -44.33% away from its 52 week high and is moving 26.31% ahead of its 52 week low. Norbord Inc. (NYSE:OSB) quarterly performance is -8.93% while its price to sale ratio is 0.92. 

Zafgen, Inc. (NASDAQ:ZFGN), a Healthcare sector firm, traded 364866 shares on last trading day with closing price of $1.18 per share. Stock value has moved between $1.24 – 11.8 in last one year. Analyst’s mean target price for Zafgen, Inc. (NASDAQ:ZFGN) is $6.00 while analysts mean recommendation is 1.80. ZFGN EPS growth this year is -0.40%. 

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