General Motors (NYSE:GM) Price Target Raised to $67.00

General Motors (NYSE:GM) (TSE:GMM.U) had its target price lifted by Mizuho from $58.00 to $67.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the auto manufacturer’s stock.

GM has been the subject of a number of other reports. Benchmark started coverage on General Motors in a research report on Monday, July 21st. They set a “buy” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on General Motors from $56.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Citigroup increased their price objective on General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday. Industrial Alliance Securities set a $70.00 target price on General Motors in a research note on Friday, July 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of General Motors in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.53.

General Motors Stock Up 1.1%

Shares of NYSE GM opened at $60.56 on Tuesday. The stock has a market cap of $57.66 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.32. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. General Motors has a 52-week low of $41.60 and a 52-week high of $61.24. The business has a 50-day moving average price of $56.22 and a 200 day moving average price of $51.03.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. During the same period last year, the firm earned $3.06 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. General Motors’s dividend payout ratio is 9.52%.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the sale, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. This represents a 73.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $661,585.70. The trade was a 75.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,881,794 shares of company stock worth $110,741,763. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On General Motors

Hedge funds have recently bought and sold shares of the business. Trust Co. of Toledo NA OH acquired a new position in General Motors during the second quarter worth $25,000. GFG Capital LLC acquired a new stake in General Motors during the second quarter worth about $27,000. Costello Asset Management INC acquired a new stake in General Motors during the first quarter worth about $32,000. RMG Wealth Management LLC acquired a new stake in General Motors during the second quarter valued at approximately $32,000. Finally, WPG Advisers LLC acquired a new stake in General Motors during the first quarter valued at approximately $34,000. 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.