Deutsche Bank Aktiengesellschaft Boosts General Motors (NYSE:GM) Price Target to $50.00

General Motors (NYSE:GM) (TSE:GMM.U) had its price objective increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $44.00 to $50.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the auto manufacturer’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 10.94% from the company’s current price.

GM has been the subject of several other research reports. Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Thursday, January 4th. Morgan Stanley boosted their target price on shares of General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Royal Bank of Canada boosted their target price on shares of General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday. Wedbush boosted their target price on shares of General Motors from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Barclays boosted their target price on shares of General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.35.

General Motors Stock Down 0.1 %

Shares of NYSE:GM opened at $45.07 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.90 and a debt-to-equity ratio of 1.21. The company has a fifty day simple moving average of $42.00 and a 200 day simple moving average of $36.12. The firm has a market cap of $52.03 billion, a PE ratio of 6.17, a price-to-earnings-growth ratio of 0.51 and a beta of 1.51. General Motors has a 12-month low of $26.30 and a 12-month high of $46.04.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The business had revenue of $43.01 billion during the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.21 earnings per share. On average, equities research analysts anticipate that General Motors will post 9.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the sale, the executive vice president now owns 71,506 shares of the company’s stock, valued at $3,236,361.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the completion of the sale, the executive vice president now directly owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. The disclosure for this sale can be found here. Insiders sold 86,248 shares of company stock valued at $3,614,078 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On General Motors

A number of institutional investors and hedge funds have recently bought and sold shares of GM. Highlander Capital Management LLC acquired a new stake in General Motors during the 4th quarter worth about $27,000. SouthState Corp raised its holdings in General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 485 shares during the period. Riverview Trust Co acquired a new stake in General Motors during the 1st quarter worth about $38,000. Cape Investment Advisory Inc. raised its holdings in General Motors by 75.9% during the 4th quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock worth $30,000 after buying an additional 359 shares during the period. Finally, Sachetta LLC acquired a new stake in General Motors during the 4th quarter worth about $33,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.