General Motors (NYSE:GM) (TSE:GMM.U) has been assigned a $33.00 target price by equities research analysts at Goldman Sachs Group in a research note issued to investors on Tuesday, February 6th. The firm currently has a “sell” rating on the auto manufacturer’s stock. Goldman Sachs Group’s price target indicates a potential downside of 20.69% from the company’s previous close.
GM has been the topic of a number of other research reports. UBS Group reissued a “buy” rating and issued a $50.00 price target (up previously from $39.00) on shares of General Motors in a research note on Wednesday, October 11th. Vetr cut shares of General Motors from a “strong-buy” rating to a “hold” rating and set a $43.99 price objective for the company. in a research report on Monday, December 4th. Craig Hallum set a $45.00 price objective on shares of General Motors and gave the company a “hold” rating in a research report on Wednesday, October 25th. Royal Bank of Canada upgraded shares of General Motors from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $51.00 to $52.00 in a research report on Tuesday, December 19th. Finally, Barclays reiterated a “buy” rating and set a $60.00 target price on shares of General Motors in a report on Sunday, January 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.32.
General Motors (NYSE GM) traded down $0.39 during midday trading on Tuesday, reaching $41.61. The company had a trading volume of 2,135,608 shares, compared to its average volume of 14,223,263. The company has a market cap of $59,670.00, a price-to-earnings ratio of -1,388.67, a PEG ratio of 0.66 and a beta of 1.59. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.31. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The firm had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $34.28 billion. During the same quarter in the prior year, the business earned $1.28 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. research analysts anticipate that General Motors will post 6.24 earnings per share for the current year.
In other news, insider Barry L. Engle II sold 50,443 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the transaction, the insider now owns 57,091 shares in the company, valued at $2,459,480.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark L. Reuss sold 30,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the transaction, the insider now owns 103,052 shares in the company, valued at approximately $4,440,510.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 168,847 shares of company stock worth $7,363,108. 0.04% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of GM. Assenagon Asset Management S.A. bought a new stake in shares of General Motors during the third quarter worth about $202,352,000. SG Americas Securities LLC grew its position in General Motors by 4,992.3% in the 4th quarter. SG Americas Securities LLC now owns 2,962,746 shares of the auto manufacturer’s stock worth $121,443,000 after purchasing an additional 2,904,565 shares in the last quarter. APG Asset Management N.V. grew its position in General Motors by 807.4% in the 4th quarter. APG Asset Management N.V. now owns 2,597,441 shares of the auto manufacturer’s stock worth $88,665,000 after purchasing an additional 2,311,204 shares in the last quarter. Levin Capital Strategies L.P. grew its position in General Motors by 123.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 3,440,444 shares of the auto manufacturer’s stock worth $141,024,000 after purchasing an additional 1,900,236 shares in the last quarter. Finally, AXA grew its position in General Motors by 295.3% in the 3rd quarter. AXA now owns 1,944,602 shares of the auto manufacturer’s stock worth $78,523,000 after purchasing an additional 1,452,633 shares in the last quarter. 73.38% of the stock is owned by institutional investors.
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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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