General Motors (NYSE:GM) (TSE:GMM.U)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank in a note issued to investors on Friday, November 17th.
Several other brokerages also recently weighed in on GM. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 target price on shares of General Motors in a report on Tuesday, September 12th. Vetr downgraded shares of 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. Citigroup reaffirmed a “buy” rating and issued a $53.00 target price on shares of General Motors in a report on Monday, October 2nd. Berenberg Bank set a $31.00 target price on shares of General Motors and gave the stock a “sell” rating in a report on Monday, August 14th. Finally, Standpoint Research downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. General Motors presently has a consensus rating of “Hold” and a consensus price target of $43.70.
General Motors (GM) traded up $0.26 during trading hours on Friday, hitting $43.05. The stock had a trading volume of 14,024,415 shares, compared to its average volume of 13,484,045. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79. The stock has a market cap of $61,150.00, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping the consensus estimate of $1.07 by $0.25. The firm 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%. General Motors’s revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 EPS. research analysts anticipate that General Motors will post 6.24 earnings per share for the current year.
In other news, insider Alan S. Batey sold 234,274 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $38.04, for a total transaction of $8,911,782.96. Following the sale, the insider now directly owns 67,548 shares in the company, valued at approximately $2,569,525.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alicia S. Boler-Davis sold 10,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $40.90, for a total transaction of $409,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 971,122 shares of company stock worth $40,627,952 over the last 90 days. Corporate insiders own 0.04% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in GM. YorkBridge Wealth Partners LLC raised its position in General Motors by 43.5% in the 2nd 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 period. Franklin Parlapiano Turner & Welch LLC purchased a new stake in General Motors in the 1st quarter worth about $106,000. State of Alaska Department of Revenue raised its position in General Motors by 10.5% in the 2nd 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 period. Fieldpoint Private Securities LLC purchased a new stake in General Motors in the 3rd quarter worth about $119,000. Finally, Ffcm LLC raised its position in General Motors by 2,008.1% in the 2nd 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 period. Hedge funds and other institutional investors own 73.06% of the company’s stock.
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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.
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