General Motors Company (NYSE:GM) Given a $51.00 Price Target by Piper Jaffray Companies Analysts

General Motors Company (NYSE:GM) (TSE:GMM.U) received a $51.00 price objective from stock analysts at Piper Jaffray Companies in a note issued to investors on Tuesday, October 24th. The brokerage presently has a “buy” rating on the auto manufacturer’s stock. Piper Jaffray Companies’ target price would suggest a potential upside of 19.55% from the stock’s previous close.

Several other research firms have also commented on GM. Morgan Stanley initiated coverage on shares of General Motors in a research report on Wednesday, June 28th. They set an “overweight” rating and a $40.00 price target for the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $37.00 target price on shares of General Motors in a research report on Friday, July 14th. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $37.42 price objective for the company. in a research report on Monday, July 17th. BidaskClub upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research lowered shares of General Motors from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. General Motors currently has an average rating of “Hold” and an average price target of $43.61.

Shares of General Motors (NYSE:GM) opened at $42.66 on Tuesday. The company has a market cap of $60,594.60, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.74 and a beta of 1.56. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.25. The business had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. equities research analysts anticipate that General Motors will post 6.24 EPS for the current year.

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In related news, EVP Nysschen Carel J. De sold 123,645 shares of General Motors stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.59, for a total value of $5,513,330.55. Following the completion of the sale, the executive vice president now directly owns 150,484 shares in the company, valued at $6,710,081.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Thomas S. Timko sold 44,791 shares of General Motors stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the sale, the chief accounting officer now owns 66,838 shares of the company’s stock, valued at $2,971,617.48. The disclosure for this sale can be found here. Insiders sold 979,266 shares of company stock valued at $40,917,634 over the last ninety days. 0.04% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Berkshire Hathaway Inc. grew its position in shares of General Motors by 20.0% during the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after buying an additional 10,000,000 shares during the period. Swiss National Bank grew its position in shares of General Motors by 1.2% during the 2nd quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock worth $172,060,000 after buying an additional 56,500 shares during the period. State of Tennessee Treasury Department grew its position in shares of General Motors by 0.4% during the 2nd quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock worth $28,839,000 after buying an additional 3,298 shares during the period. Intrust Bank NA grew its position in shares of General Motors by 0.3% during the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after buying an additional 25 shares during the period. Finally, Commonwealth Bank of Australia grew its position in shares of General Motors by 12.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto manufacturer’s stock worth $25,819,000 after buying an additional 82,201 shares during the period. Institutional investors own 74.65% of the company’s stock.

About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Analyst Recommendations for General Motors (NYSE:GM)

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