Will This Recall Hurt Ford (F) Stock Today?

NEW YORK (TheStreet) -- Ford Motor Co. (F) is recalling almost 850,000 cars in the U.S in order to fix a problem with the airbags that can cause the safety feature not to deploy in the event of an accident, NBCnews.com reports.

Ford is recalling the 2013-2014 model year Ford C-MAX, Fusion, Escape, and Lincoln MKZ vehicles.

The airbags have a glitch that can cause a short circuit. If a short circuit were to occur, the airbag warning light will go on, but depending on where the short is located the restraint systems may not deploy properly in the event of a crash, Ford said, according to NBC.

Ford also said that it is unaware of any accidents or injuries related to this issue.

Shares of Ford are up 0.46% to $16.27 in late morning trading on Friday.

Separately, TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate FORD MOTOR CO (F) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

You can view the full analysis from the report here: F Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

 

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