General Motors (NYSE:GM) (TSE:GMM.U) had its price target boosted by Morgan Stanley from $43.00 to $44.00 in a research report released on Wednesday morning. Morgan Stanley currently has an equal weight rating on the auto manufacturer’s stock.
A number of other analysts have also recently issued reports on the company. Vetr raised General Motors from a sell rating to a hold rating and set a $40.24 price objective for the company in a research report on Monday, February 12th. Nomura set a $45.00 price objective on General Motors and gave the company a neutral rating in a research report on Thursday, February 8th. Bank of America raised their price objective on General Motors from $57.00 to $60.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Berenberg Bank set a $34.00 price objective on General Motors and gave the company a sell rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada set a $52.00 price objective on General Motors and gave the company a buy rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $44.44.
Shares of General Motors (NYSE GM) opened at $41.09 on Wednesday. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76. The stock has a market capitalization of $57,634.07, a P/E ratio of 6.26, a PEG ratio of 0.79 and a beta of 1.59. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76.
General Motors (NYSE:GM) (TSE:GMM.U) last released 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 company had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. During the same period last year, the firm posted $1.28 earnings per share. The business’s revenue was down 7.7% on a year-over-year basis. sell-side analysts anticipate that General Motors will post 6.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.70%. General Motors’s dividend payout ratio (DPR) is presently -52.59%.
In other General Motors news, insider Barry L. Engle II sold 50,443 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 57,091 shares in the company, valued at approximately $2,459,480.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark L. Reuss sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $43.09, for a total value 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 90 days, insiders have sold 203,847 shares of company stock worth $8,793,908. Corporate insiders own 0.04% of the company’s stock.
A number of institutional investors have recently bought and sold shares of GM. Icon Wealth Partners LLC bought a new position in General Motors during the 4th quarter worth $106,000. Fieldpoint Private Securities LLC bought a new position in General Motors during the 3rd quarter worth $119,000. Cerebellum GP LLC acquired a new stake in shares of General Motors in the 4th quarter valued at $123,000. Independence Bank of Kentucky acquired a new stake in shares of General Motors in the 4th quarter valued at $129,000. Finally, Stumpf Capital Management LLC acquired a new stake in shares of General Motors in the 4th quarter valued at $131,000. 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.
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