General Motors (GM) Receiving Somewhat Favorable Press Coverage, Analysis Finds

News articles about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. General Motors earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the auto manufacturer an impact score of 45.2894153621282 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of General Motors (NYSE GM) traded down $0.59 during mid-day trading on Thursday, reaching $40.81. The company had a trading volume of 9,275,401 shares, compared to its average volume of 13,436,827. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market capitalization of $58,989.55, a PE ratio of 6.71, a P/E/G ratio of 0.72 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 announced its quarterly 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 company had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. General Motors’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period last year, the business earned $1.72 earnings per share. research analysts anticipate that General Motors will post 6.24 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, December 7th. General Motors’s dividend payout ratio is currently 77.95%.

A number of research firms recently commented on GM. BidaskClub raised General Motors from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Jefferies Group lifted their target price on General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, October 30th. Standpoint Research downgraded General Motors from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Citigroup reaffirmed a “buy” rating and set a $53.00 target price on shares of General Motors in a report on Monday, October 2nd. Finally, Goldman Sachs Group downgraded General Motors from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $43.16 to $32.00 in a report on Monday, October 30th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.70.

In other news, President Daniel Ammann sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $40.19, for a total value of $1,607,600.00. Following the completion of the sale, the president now directly owns 145,953 shares in the company, valued at $5,865,851.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were 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. Over the last quarter, insiders have sold 775,252 shares of company stock valued at $33,616,642. 0.04% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for General Motors (NYSE:GM)

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