General Motors (NYSE:GM) Receives $57.74 Consensus PT from Analysts

Shares of General Motors (NYSE:GM) (TSE:GMM.U) have been assigned a consensus rating of “Hold” from the twenty-two brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $58.85.

A number of research firms recently weighed in on GM. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $46.00 to $54.00 in a research report on Tuesday. Mizuho lifted their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada upped their price target on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $53.00 price objective on shares of General Motors in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.

Insider Buying and Selling

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the sale, the chief executive officer now owns 694,548 shares of the company’s stock, valued at $37,040,244.84. This trade represents a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL acquired a new position in shares of General Motors during the second quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors during the third quarter worth about $27,000. Truvestments Capital LLC bought a new position in General Motors during the third quarter valued at about $27,000. Wellington Shields Capital Management LLC acquired a new position in General Motors in the 2nd quarter valued at approximately $28,000. Finally, EdgeRock Capital LLC bought a new stake in shares of General Motors in the 2nd quarter worth approximately $33,000. 92.67% of the stock is owned by institutional investors.

General Motors Stock Up 0.4 %

NYSE GM opened at $52.52 on Friday. General Motors has a 12 month low of $34.32 and a 12 month high of $61.24. The company has a market capitalization of $57.75 billion, a P/E ratio of 5.60, a PEG ratio of 0.39 and a beta of 1.42. The company’s 50 day simple moving average is $53.00 and its 200 day simple moving average is $48.64. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.47. The company had revenue of $48.76 billion for the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 earnings per share. Equities research analysts expect that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, December 6th. General Motors’s dividend payout ratio is 5.12%.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.