News stories about General Motors (NYSE:GM) (TSE:GMM.U) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Motors earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the auto manufacturer an impact score of 45.7463896011764 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
NYSE:GM traded up $0.14 on Thursday, hitting $38.25. The company’s stock had a trading volume of 16,558,424 shares, compared to its average volume of 12,954,301. 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 $53,217.42, a price-to-earnings ratio of 5.78, a P/E/G ratio of 0.72 and a beta of 1.63. General Motors has a one year low of $31.92 and a one year high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Thursday, April 26th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.13. The firm had revenue of $36.10 billion for the quarter, compared to analyst estimates of $34.67 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 earnings per share. equities research analysts expect that General Motors will post 6.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.52 annualized dividend and a yield of 3.97%. General Motors’s dividend payout ratio is 22.96%.
Several research analysts have recently weighed in on GM shares. Morgan Stanley raised General Motors from an “equal weight” rating to an “overweight” rating and set a $45.00 price objective for the company in a research report on Monday, April 9th. Vetr cut General Motors from a “hold” rating to a “sell” rating and set a $40.25 price target for the company. in a research report on Tuesday, February 27th. Barclays reissued 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 cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, Goldman Sachs reissued a “sell” rating and set a $31.00 price target on shares of General Motors in a research report on Wednesday, March 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.65.
In other news, CFO Charles K. Stevens III sold 35,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $40.88, for a total transaction of $1,430,800.00. Following the transaction, the chief financial officer now owns 26,052 shares in the company, valued at $1,065,005.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total value of $1,588,400,000.00. The disclosure for this sale can be found here. Insiders sold 40,244,405 shares of company stock worth $1,598,394,926 in the last 90 days. Corporate insiders own 0.04% of the company’s stock.
General Motors Company Profile
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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