Media headlines about General Motors (NYSE:GM) (TSE:GMM.U) have trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. General Motors earned a news impact score of 0.10 on Accern’s scale. Accern also gave media coverage about the auto manufacturer an impact score of 45.6697666283748 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
GM has been the topic of several analyst reports. Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and set a $45.00 price objective on the stock in a research note on Monday, April 9th. Vetr lowered General Motors from a “hold” rating to a “sell” rating and set a $40.25 price target on the stock. in a research report on Tuesday, February 27th. Barclays restated a “buy” rating and set a $61.00 price target on shares of General Motors in a research report on Tuesday, January 9th. Zacks Investment Research lowered General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, Goldman Sachs restated a “sell” rating and set a $31.00 price target on shares of General Motors in a research report on Wednesday, March 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. General Motors currently has an average rating of “Buy” and a consensus price target of $44.65.
NYSE:GM traded down $0.16 during trading hours on Friday, hitting $37.61. 8,698,518 shares of the stock were exchanged, compared to its average volume of 11,139,477. General Motors has a twelve month low of $31.92 and a twelve month 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. The company has a market cap of $52,768.45, a price-to-earnings ratio of 5.68, a P/E/G ratio of 0.72 and a beta of 1.63.
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. equities analysts predict that General Motors will post 6.26 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 9th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, March 8th. General Motors’s dividend payout ratio is 22.96%.
In other General Motors news, insider Charles K. Stevens III sold 35,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $36.10, for a total transaction of $1,263,500.00. Following the transaction, the insider now owns 67,741 shares of the company’s stock, valued at approximately $2,445,450.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $355,869.66. Following the transaction, the chief accounting officer now directly owns 33,519 shares in the company, valued at approximately $1,409,809.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,244,405 shares of company stock worth $1,598,394,926. Company insiders own 0.04% of the company’s stock.
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About General Motors
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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