General Motors Company (NYSE:GM) Receives $94.65 Consensus PT from Brokerages

Shares of General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) have been given a consensus recommendation of “Moderate Buy” by the twenty-three analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $94.6522.

Several analysts have issued reports on GM shares. TD Cowen upped their price objective on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group upped their price objective on General Motors from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and upped their price objective for the company from $83.00 to $90.00 in a research note on Tuesday, April 14th. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a report on Wednesday, March 25th. Finally, Citigroup upped their target price on General Motors from $105.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, April 29th.

Check Out Our Latest Stock Report on GM

Hedge Funds Weigh In On General Motors

Several institutional investors have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC bought a new position in General Motors in the 4th quarter worth approximately $25,000. Evergreen Advisors LLC bought a new position in General Motors in the 1st quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its holdings in General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 275 shares in the last quarter. SouthState Bank Corp grew its holdings in General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 177 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new position in General Motors in the 3rd quarter worth approximately $29,000. 92.67% of the stock is owned by institutional investors.

General Motors Trading Up 2.1%

NYSE:GM opened at $78.81 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. General Motors has a one year low of $46.81 and a one year high of $87.62. The business’s 50-day simple moving average is $76.04 and its 200 day simple moving average is $77.60. The stock has a market cap of $71.06 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 0.39 and a beta of 1.29.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same quarter in the prior year, the firm posted $2.78 earnings per share. General Motors’s revenue for the quarter was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, sell-side analysts predict that General Motors will post 12.85 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio is 29.03%.

General Motors declared that its board has approved a stock buyback plan on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Trending Headlines about General Motors

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General Motors Company Profile

(Get Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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Analyst Recommendations for General Motors (NYSE:GM)

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