General Motors (NYSE:GM) (TSE:GMM.U) has received an average rating of “Buy” from the twenty-seven brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $44.08.
Several equities analysts have recently commented on the company. Morgan Stanley upped their target price on General Motors from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 14th. Berenberg Bank set a $34.00 target price on General Motors and gave the company a “sell” rating in a research report on Wednesday, February 7th. Nomura set a $45.00 target price on General Motors and gave the company a “neutral” rating in a research report on Thursday, February 8th. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada set a $52.00 price target on General Motors and gave the stock a “buy” rating in a research report on Tuesday, February 6th.
In other General Motors news, CAO Thomas S. Timko sold 8,461 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $42.06, for a total transaction of $355,869.66. Following the completion of the sale, the chief accounting officer now directly owns 33,519 shares in the company, valued at $1,409,809.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Charles K. Stevens III sold 35,000 shares of the company’s stock in a transaction on Friday, February 9th. The stock was 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 owns 26,052 shares of the company’s stock, valued at $1,065,005.76. The disclosure for this sale can be found here. Insiders have sold 378,252 shares of company stock valued at $16,094,534 over the last 90 days. Corporate insiders own 0.04% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB lifted its stake in General Motors by 4.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 255,735 shares of the auto manufacturer’s stock worth $10,483,000 after purchasing an additional 11,002 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in General Motors by 11.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 530,864 shares of the auto manufacturer’s stock worth $21,760,000 after purchasing an additional 53,401 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in General Motors during the fourth quarter worth $2,727,000. Delek Group Ltd. bought a new stake in General Motors during the fourth quarter worth $14,969,000. Finally, Banco de Sabadell S.A bought a new stake in General Motors during the fourth quarter worth $1,036,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.
General Motors (NYSE:GM) traded down $0.12 during trading on Tuesday, hitting $40.79. The stock had a trading volume of 4,823,566 shares, compared to its average volume of 13,485,294. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $57,780.00, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, beating 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 company 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 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. sell-side analysts predict that General Motors will post 6.25 EPS for the current year.
The firm also recently announced 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. This represents a $1.52 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, March 8th. General Motors’s payout ratio is presently 29.51%.
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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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