General Motors (GM) Given a $52.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a $52.00 price objective on General Motors (NYSE:GM) (TSE:GMM.U) in a report issued on Tuesday, February 6th. The firm currently has a buy rating on the auto manufacturer’s stock.

A number of other brokerages have also recently issued reports on GM. BMO Capital Markets raised General Motors to a market perform rating and raised their price objective for the company from $41.00 to $48.00 in a research note on Wednesday, October 25th. Craig Hallum set a $45.00 price objective on General Motors and gave the company a hold rating in a research note on Wednesday, October 25th. Morgan Stanley cut General Motors from an overweight rating to an equal weight rating and reduced their price objective for the company from $46.48 to $43.00 in a research note on Wednesday, October 25th. Deutsche Bank raised their target price on General Motors from $51.00 to $52.00 and gave the stock a buy rating in a research note on Wednesday, October 25th. Finally, Piper Jaffray Companies set a $44.00 target price on General Motors and gave the stock a buy rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. General Motors currently has an average rating of Hold and a consensus target price of $44.44.

Shares of General Motors (GM) traded up $0.39 during trading hours on Tuesday, hitting $41.79. The stock had a trading volume of 6,494,907 shares, compared to its average volume of 14,187,034. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76. The company has a market capitalization of $59,320.00, a PE ratio of 8.12, a P/E/G ratio of 0.67 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $34.28 billion. During the same period last year, the firm earned $1.28 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. research analysts expect that General Motors will post 6.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 annualized dividend and a yield of 3.64%. General Motors’s payout ratio is 29.51%.

In other General Motors news, insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the sale, the insider now directly owns 57,091 shares of the company’s stock, valued at approximately $2,459,480.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Charles K. Stevens III sold 35,000 shares of General Motors stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $40.88, for a total value of $1,430,800.00. Following the sale, the chief financial officer now directly owns 26,052 shares in the company, valued at $1,065,005.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,847 shares of company stock worth $8,793,908. Insiders own 0.04% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Paradigm Financial Advisors LLC lifted its holdings in shares of General Motors by 11.3% during the second quarter. Paradigm Financial Advisors LLC now owns 7,462 shares of the auto manufacturer’s stock valued at $261,000 after purchasing an additional 755 shares during the last quarter. Stellar Capital Management LLC lifted its holdings in shares of General Motors by 1.8% during the second quarter. Stellar Capital Management LLC now owns 47,139 shares of the auto manufacturer’s stock valued at $1,647,000 after purchasing an additional 814 shares during the last quarter. Canal Capital Management LLC lifted its holdings in shares of General Motors by 5.5% during the third quarter. Canal Capital Management LLC now owns 21,392 shares of the auto manufacturer’s stock valued at $864,000 after purchasing an additional 1,118 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of General Motors by 7.2% during the second quarter. Cetera Investment Advisers now owns 17,425 shares of the auto manufacturer’s stock valued at $602,000 after purchasing an additional 1,176 shares during the last quarter. Finally, Fox Run Management L.L.C. lifted its holdings in shares of General Motors by 3.1% during the fourth quarter. Fox Run Management L.L.C. now owns 38,782 shares of the auto manufacturer’s stock valued at $1,590,000 after purchasing an additional 1,182 shares during the last quarter. Hedge funds and other institutional investors own 73.38% 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.

Analyst Recommendations for General Motors (NYSE:GM)

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