Wall Street Zen Downgrades General Motors (NYSE:GM) to Hold

General Motors (NYSE:GM) (TSE:GMM.U) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday, October 25th. Citigroup lifted their price target on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Argus set a $78.00 price objective on shares of General Motors in a report on Thursday, October 23rd. Barclays raised their price objective on shares of General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.00.

General Motors Stock Performance

Shares of GM traded down $0.45 on Friday, reaching $70.30. 894,401 shares of the stock traded hands, compared to its average volume of 10,965,231. The stock’s 50-day moving average price is $61.30 and its 200-day moving average price is $54.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The firm has a market cap of $65.58 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 0.96 and a beta of 1.41. General Motors has a 12 month low of $41.60 and a 12 month high of $71.09.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. The firm had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the sale, the president directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. This trade represents a 72.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,327,144 shares of company stock worth $139,521,852. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On General Motors

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares during the period. Brown Advisory Inc. boosted its holdings in shares of General Motors by 55.9% in the 1st quarter. Brown Advisory Inc. now owns 17,651 shares of the auto manufacturer’s stock valued at $830,000 after purchasing an additional 6,330 shares in the last quarter. Cerity Partners LLC increased its position in General Motors by 46.9% during the 1st quarter. Cerity Partners LLC now owns 497,222 shares of the auto manufacturer’s stock worth $23,384,000 after purchasing an additional 158,825 shares in the last quarter. Schechter Investment Advisors LLC boosted its holdings in shares of General Motors by 12.1% during the 1st quarter. Schechter Investment Advisors LLC now owns 6,531 shares of the auto manufacturer’s stock valued at $307,000 after acquiring an additional 705 shares in the last quarter. Finally, CWM LLC raised its position in General Motors by 144.8% in the first quarter. CWM LLC now owns 192,894 shares of the auto manufacturer’s stock valued at $9,072,000 after purchasing an additional 114,108 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

About General Motors

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.