General Motors (NYSE:GM) had its price objective decreased by UBS AG from $52.00 to $50.00 in a research report released on Monday morning, American Banking and Market News reports. UBS AG currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on GM. Analysts at TheStreet reiterated a buy rating on shares of General Motors in a research note to investors on Monday. Finally, analysts at RBC Capital raised their price target on shares of General Motors from $45.00 to $50.00 in a research note to investors on Thursday, October 31st. They now have an outperform rating on the stock. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $46.50.
Shares of General Motors (NYSE:GM) traded up 0.24% on Monday, hitting $37.64. The stock had a trading volume of 1,990,727 shares. General Motors has a 52-week low of $24.40 and a 52-week high of $39.18. The stock has a 50-day moving average of $36.42 and a 200-day moving average of $35.3. The company has a market cap of $52.281 billion and a P/E ratio of 15.97.
General Motors (NYSE:GM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $39.00 billion for the quarter, compared to the consensus estimate of $39.50 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts predict that General Motors will post $3.40 earnings per share for the current fiscal year.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.