Barclays reiterated their buy rating on shares of General Motors (NYSE:GM) (TSE:GMM.U) in a research report report published on Sunday. The brokerage currently has a $60.00 price objective on the auto manufacturer’s stock.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research raised General Motors from a sell rating to a hold rating in a research note on Tuesday, January 9th. Vetr lowered General Motors from a hold rating to a sell rating and set a $40.10 target price on the stock. in a research report on Monday, January 1st. Evercore ISI upped their target price on General Motors from $40.00 to $41.38 in a research report on Friday, December 29th. Royal Bank of Canada raised General Motors from a sector perform rating to an outperform rating and upped their target price for the stock from $51.00 to $52.00 in a research report on Tuesday, December 19th. Finally, Cascend Securities lowered General Motors to a buy rating in a research report on Tuesday, December 5th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. General Motors currently has an average rating of Hold and a consensus target price of $44.02.
Shares of General Motors (NYSE GM) traded down $0.71 during midday trading on Friday, hitting $43.15. The stock had a trading volume of 14,467,900 shares, compared to its average volume of 13,549,085. General Motors has a twelve month low of $31.92 and a twelve month high of $46.76. The stock has a market capitalization of $61,520.00, a P/E ratio of 9.34, a price-to-earnings-growth ratio of 0.79 and a beta of 1.55. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, beating the consensus estimate of $1.07 by $0.25. The business had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. General Motors’s revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 earnings per share. research analysts anticipate that General Motors will post 6.41 earnings per share for the current fiscal year.
In other General Motors news, CAO Thomas S. Timko sold 44,791 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the sale, the chief accounting officer now owns 66,838 shares in the company, valued at approximately $2,971,617.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nysschen Carel J. De sold 123,645 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $44.59, for a total value of $5,513,330.55. Following the completion of the sale, the executive vice president now owns 150,484 shares of the company’s stock, valued at approximately $6,710,081.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 602,741 shares of company stock valued at $26,678,072. 0.04% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC lifted its position in shares of General Motors by 43.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after buying an additional 860 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in General Motors during the 3rd quarter valued at $119,000. Ropes Wealth Advisors LLC increased its holdings in General Motors by 240.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $161,000 after purchasing an additional 3,248 shares in the last quarter. Fayez Sarofim & Co. acquired a new stake in General Motors during the 3rd quarter valued at $202,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in General Motors during the 3rd quarter valued at $203,000. Institutional investors own 72.78% 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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