10 Best Affordable Stocks Under $20 to Buy

3. Ford Motor Company (NYSE:F)

Stock Price: $10.60

Forward P/E: 9.92

Number of Hedge Fund Holders: 45

Ford Motor Company (NYSE:F) manufactures, distributes, and sells automobiles. It operates through the following segments: Ford Blue, Ford Model E, Ford Pro, Ford Next, Ford Credit, and Corporate Other. It is the third-best affordable stock under $20 to add to your portfolio.

On May 8, Barclays raised the firm’s price target on Ford Motor Company (NYSE:F) to $9 from $8, keeping an Equal Weight rating on the shares. The rating update came after Ford Motor Company (NYSE:F) reported its fiscal Q1 2025 earnings.

In a research note, the analyst told investors the company “has a great opportunity ahead; now the question is on execution.”

Barclays believes that Ford Motor Company’s (NYSE:F) fiscal Q1 2025 earnings checked a number of boxes, exhibiting continued positive trends on cost and reporting a solid beat. The firm contended that while guidance was pulled, the fiscal Q1 beat and favorable cost commentary held the potential to support a guidance raise, excluding the impacts of tariffs.

Ford Motor Company’s (NYSE:F) fiscal Q1 2025 earnings showed revenue of $40.7 billion, net income of $471 million, and adjusted EBIT reaching $1 billion. The company also has a strong balance sheet, with $27 billion in cash and $45 billion in liquidity, which lends it the flexibility to continue profitable growth investments.