General Motors (GM) Upgraded by ValuEngine to Hold

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Other equities analysts have also recently issued research reports about the company. Citigroup cut their price target on General Motors to $60.00 and set a “buy” rating for the company in a report on Thursday, July 26th. JPMorgan Chase & Co. cut their price target on General Motors from $58.00 to $54.00 and set an “overweight” rating for the company in a report on Friday, July 27th. Royal Bank of Canada raised their price target on General Motors from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Jefferies Financial Group restated a “hold” rating and set a $39.00 price target on shares of General Motors in a report on Friday, July 27th. Finally, Buckingham Research cut their price target on General Motors from $39.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. General Motors currently has an average rating of “Buy” and a consensus price target of $46.85.

NYSE:GM opened at $36.03 on Thursday. The stock has a market cap of $51.62 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.25. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.89 and a quick ratio of 0.74. General Motors has a 12-month low of $30.56 and a 12-month high of $45.52.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.62. The business had revenue of $35.79 billion during the quarter, compared to analysts’ expectations of $34.85 billion. General Motors had a return on equity of 25.81% and a net margin of 0.56%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. As a group, research analysts anticipate that General Motors will post 6.02 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of General Motors by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,890,898 shares of the auto manufacturer’s stock valued at $586,820,000 after purchasing an additional 81,468 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of General Motors by 20.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,355,956 shares of the auto manufacturer’s stock valued at $565,624,000 after purchasing an additional 2,394,922 shares during the last quarter. Northern Trust Corp lifted its stake in shares of General Motors by 0.3% in the 2nd quarter. Northern Trust Corp now owns 13,720,539 shares of the auto manufacturer’s stock valued at $540,590,000 after purchasing an additional 43,643 shares during the last quarter. LSV Asset Management lifted its stake in shares of General Motors by 4.9% in the 2nd quarter. LSV Asset Management now owns 11,743,616 shares of the auto manufacturer’s stock valued at $462,698,000 after purchasing an additional 543,631 shares during the last quarter. Finally, Levin Capital Strategies L.P. lifted its stake in shares of General Motors by 31.2% in the 3rd quarter. Levin Capital Strategies L.P. now owns 6,670,952 shares of the auto manufacturer’s stock valued at $224,611,000 after purchasing an additional 1,584,628 shares during the last quarter. 73.84% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: NASDAQ

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply