10 Best Affordable Stocks To Buy Right Now

7. Ford Motor Company (NYSE:F)

Forward P/E Ratio as of September 16: 5.59

Number of Hedge Fund Holders: 52

Ford Motor Company (NYSE:F) is a global leader in the automotive industry, producing a range of commercial and luxury vehicles under the Ford and Lincoln brands. The company’s strong cash position and affordable share price has made it a popular choice among investors. By the end of the second quarter, its robust balance sheet included nearly $27 billion in cash and around $45 billion in total liquidity.

Citi recently reaffirmed its buy rating and maintained a $17 price target for Ford Motor Company (NYSE:F), following updates on the company’s electric vehicle (EV) plans. Notably, Ford canceled a three-row EV SUV originally slated for 2027, which had been projected to account for 58,000 units in 2028, or about 8% of Ford’s total North American EV production. Additionally, the automaker announced that the first EV from its California-based skunkworks team will be a mid-size pickup truck, now expected to launch in 2027. This is slightly delayed from S&P’s earlier forecast of a late-2026 production start for the Maverick EV, but aligns with broader expectations for Ford’s new EV lineup rollout starting in 2027. These changes indicate the company’s focus on capital discipline and suggest potential for reducing near-term losses in its Model-e segment.

On August 21, Ford Motor Company (NYSE:F) CFO John Lawler stated that the company’s future capital expenditures will shift, reducing the portion allocated to all-electric vehicles from 40% to 30%, though no specific timeline was provided. This is a significant shift from the automaker’s 2021 plan to invest over $30 billion in EVs through 2025. The adjustment also reflects industry-wide trends of slower-than-expected EV adoption and challenges automakers face in achieving profitability with these vehicles.