Wall Street Zen lowered shares of General Motors (NYSE:GM – Free Report) (TSE:GMM.U) from a buy rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.
GM has been the subject of several other research reports. Morgan Stanley lowered their price objective on General Motors from $101.00 to $95.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of General Motors in a research report on Wednesday, October 21st. Daiwa Securities Group raised their price target on shares of General Motors from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Benchmark reaffirmed a “buy” rating and set a $105.00 price target (up from $90.00) on shares of General Motors in a research note on Tuesday, July 21st. Finally, Tigress Financial lifted their price target on shares of General Motors from $130.00 to $132.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.44.
Get Our Latest Research Report on GM
General Motors Stock Up 4.0%
Shares of GM opened at $89.60 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.94 and a current ratio of 1.09. General Motors has a 52 week low of $67.06 and a 52 week high of $93.70. The stock has a market capitalization of $75.58 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.52 and a beta of 1.40. The stock has a fifty day moving average of $83.41 and a 200-day moving average of $80.88.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.01. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The business had revenue of $50.02 billion for the quarter, compared to analyst estimates of $48.78 billion. During the same quarter in the previous year, the company posted $2.80 EPS. General Motors’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Motors will post 13.37 earnings per share for the current fiscal year.
General Motors announced that its board has authorized a stock buyback program on Tuesday, October 20th that permits the company to repurchase $20 billion in shares. This buyback authorization permits the auto manufacturer to reacquire up to 27.5% of its shares through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.
General Motors Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 4th. General Motors’s dividend payout ratio is currently 16.51%.
Insiders Place Their Bets
In related news, EVP Rory Harvey sold 16,513 shares of General Motors stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $89.64, for a total transaction of $1,480,225.32. Following the completion of the transaction, the executive vice president owned 12,000 shares of the company’s stock, valued at $1,075,680. This trade represents a 57.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.
Institutional Trading of General Motors
A number of large investors have recently bought and sold shares of GM. Richardson Financial Services Inc. lifted its stake in General Motors by 75.7% in the third quarter. Richardson Financial Services Inc. now owns 325 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 140 shares during the period. Evergreen Advisors LLC acquired a new stake in shares of General Motors during the 1st quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of General Motors during the 2nd quarter worth approximately $31,000. Premier Financial Group bought a new stake in shares of General Motors in the 2nd quarter valued at $31,000. Finally, Burk Holdings LLC acquired a new position in shares of General Motors during the 2nd quarter valued at $31,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.
Key General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM’s next-generation 2027 Silverado and Sierra pickups are expected to offer upgraded engines and higher-end trims, potentially supporting a more profitable product mix. Article: Can GM’s Next-Generation Pickups Support Growth in 2027?
- Positive Sentiment: Rising OnStar subscriptions and Super Cruise adoption could expand recurring software revenue. GM also announced a new in-car AI assistant, adding to its technology offerings, though the revenue impact is not yet clear. Article: Can OnStar and Super Cruise Drive GM’s Digital Revenue Growth? Article: GM just announced a new in-car AI assistant
- Positive Sentiment: A report highlighting GM’s $20 billion stock-buyback plan points to a potential boost to per-share value as the company reduces its share count. Article: Ford Yields Nearly 5%. GM Is Buying Back $20 Billion in Stock.
- Neutral Sentiment: GM Insurance plans to enter Maryland’s auto market, expanding its insurance business; the article does not specify the expected financial contribution. Article: GM Insurance to Enter Maryland Auto Market
- Negative Sentiment: GM is recalling 67,380 EVs after software briefly interrupted low-speed braking, raising safety concerns and potentially adding repair and warranty costs. A separate report also notes a recall affecting more than 87,000 vehicles. Article: GM Recalls Over 67,000 EVs For Brake Glitch Article: GM recalls more than 87,000 vehicles
- Negative Sentiment: A $220 million OnStar settlement tied to allegations that drivers were misled about the collection and sharing of their data creates a financial cost and continued privacy-related reputational risk. Article: General Motors Could Be 17% Undervalued After $220 Million OnStar Settlement
General Motors Company Profile
General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers.
Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.
Mary Barra has served as GM’s chief executive officer since 2014.
See Also
- Five stocks we like better than General Motors
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
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.
