General Motors (NYSE:GM) (TSE:GMM.U) has been given an average recommendation of “Buy” by the seventeen analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $47.69.
Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on General Motors to $52.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. They noted that the move was a valuation call. Buckingham Research reduced their price target on General Motors from $35.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Evercore ISI set a $50.00 target price on General Motors and gave the stock a “buy” rating in a report on Wednesday, August 7th. UBS Group boosted their target price on General Motors from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, ValuEngine upgraded General Motors from a “sell” rating to a “hold” rating in a report on Thursday, October 31st.
Shares of General Motors stock traded up $0.18 during trading on Thursday, hitting $38.67. 5,816,834 shares of the stock traded hands, compared to its average volume of 8,734,329. The stock has a market cap of $54.62 billion, a P/E ratio of 5.91, a PEG ratio of 0.73 and a beta of 1.40. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.96. General Motors has a twelve month low of $31.46 and a twelve month high of $41.90. The company has a fifty day moving average price of $36.58 and a two-hundred day moving average price of $37.51.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.54. The business had revenue of $35.50 billion during the quarter, compared to analyst estimates of $35.21 billion. General Motors had a return on equity of 19.78% and a net margin of 6.19%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 EPS. On average, equities research analysts expect that General Motors will post 4.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be issued a $0.38 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.52 annualized dividend and a yield of 3.93%. General Motors’s dividend payout ratio (DPR) is currently 23.24%.
In related news, EVP Matthew Tsien sold 16,933 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $39.50, for a total value of $668,853.50. Following the completion of the sale, the executive vice president now directly owns 18,533 shares in the company, valued at approximately $732,053.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.51% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of GM. Vanguard Group Inc. increased its position in shares of General Motors by 0.7% during the second quarter. Vanguard Group Inc. now owns 102,571,908 shares of the auto manufacturer’s stock valued at $3,952,096,000 after purchasing an additional 717,703 shares during the period. Northern Trust Corp increased its position in shares of General Motors by 1.3% during the second quarter. Northern Trust Corp now owns 14,406,653 shares of the auto manufacturer’s stock valued at $555,088,000 after purchasing an additional 184,349 shares during the period. Bank of New York Mellon Corp increased its position in shares of General Motors by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 13,977,174 shares of the auto manufacturer’s stock valued at $538,539,000 after purchasing an additional 99,948 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of General Motors by 4.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,033,921 shares of the auto manufacturer’s stock valued at $271,017,000 after purchasing an additional 324,329 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of General Motors by 1.2% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,281,100 shares of the auto manufacturer’s stock valued at $242,011,000 after purchasing an additional 75,014 shares during the period. Institutional investors own 77.03% of the company’s stock.
General Motors Company Profile
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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