General Motors Company (NYSE:GM) (TSE:GMM.U)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday.
GM has been the subject of a number of other research reports. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $43.99 target price for the company. in a report on Monday, November 13th. Royal Bank Of Canada lifted their target price on General Motors from $44.00 to $51.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 25th. Piper Jaffray Companies reissued a “buy” rating and issued a $44.00 target price on shares of General Motors in a report on Tuesday, September 12th. UBS AG reissued a “buy” rating and issued a $50.00 target price (up previously from $39.00) on shares of General Motors in a report on Wednesday, October 11th. Finally, BMO Capital Markets raised General Motors to a “market perform” rating and lifted their target price for the stock from $41.00 to $48.00 in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $43.61.
General Motors (NYSE GM) traded up $0.28 during mid-day trading on Friday, reaching $43.88. The company had a trading volume of 10,529,689 shares, compared to its average volume of 13,518,741. The company has a market cap of $62,327.50, a price-to-earnings ratio of 7.09, a PEG ratio of 0.76 and a beta of 1.56. General Motors has a one year low of $31.92 and a one year high of $46.76. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.25. The business had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 EPS. equities research analysts predict that General Motors will post 6.24 earnings per share for the current year.
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In other news, insider Alan S. Batey sold 234,274 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total value of $8,911,782.96. Following the transaction, the insider now directly owns 67,548 shares in the company, valued at $2,569,525.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 directly owns 66,838 shares in the company, valued at $2,971,617.48. The disclosure for this sale can be found here. Insiders sold 971,122 shares of company stock worth $40,627,952 over the last 90 days. Company insiders own 0.04% of the company’s stock.
Several hedge funds have recently modified their holdings of GM. YorkBridge Wealth Partners LLC increased its holdings in shares of General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after purchasing an additional 860 shares during the last quarter. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of General Motors in the first quarter worth about $106,000. State of Alaska Department of Revenue increased its holdings in shares of General Motors by 10.5% in the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after purchasing an additional 310 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of General Motors in the third quarter worth about $119,000. Finally, Ffcm LLC increased its holdings in shares of General Motors by 2,008.1% in the second quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after purchasing an additional 3,213 shares during the last quarter. 74.51% of the stock is currently owned by hedge funds and other institutional investors.
General Motors Company Profile
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.
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