Evercore ISI Issues Positive Forecast for General Motors (NYSE:GM) Stock Price

General Motors (NYSE:GM) (TSE:GMM.U) had its price target raised by equities research analysts at Evercore ISI from $85.00 to $95.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the auto manufacturer’s stock. Evercore ISI’s target price would indicate a potential upside of 13.09% from the company’s previous close.

A number of other research firms also recently issued reports on GM. JPMorgan Chase & Co. increased their target price on shares of General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Citigroup upped their target price on General Motors from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Royal Bank Of Canada lifted their price target on General Motors from $92.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Zacks Research cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Benchmark restated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

General Motors Trading Down 2.6%

Shares of General Motors stock opened at $84.01 on Monday. The business’s fifty day moving average is $80.13 and its two-hundred day moving average is $67.05. General Motors has a fifty-two week low of $41.60 and a fifty-two week high of $87.31. The firm has a market cap of $75.94 billion, a PE ratio of 27.91, a P/E/G ratio of 0.46 and a beta of 1.36. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, beating the consensus estimate of $2.26 by $0.25. The company had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 27th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 7,724 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $864,504. This trade represents a 39.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On General Motors

Several large investors have recently made changes to their positions in the business. CWM LLC lifted its position in shares of General Motors by 50.8% during the 3rd quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock valued at $20,782,000 after acquiring an additional 114,756 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of General Motors by 6.2% during the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after purchasing an additional 20,017 shares during the period. SteelPeak Wealth LLC acquired a new stake in shares of General Motors during the third quarter worth $3,411,000. Burney Co. lifted its holdings in shares of General Motors by 18.7% during the third quarter. Burney Co. now owns 82,037 shares of the auto manufacturer’s stock valued at $5,002,000 after purchasing an additional 12,913 shares during the last quarter. Finally, Permanent Capital Management LP acquired a new position in shares of General Motors in the 3rd quarter valued at $1,102,000. Institutional investors own 92.67% of the company’s stock.

General Motors Company Profile

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.