General Motors (NYSE:GM) PT Raised to $50.00 at Deutsche Bank Aktiengesellschaft

General Motors (NYSE:GM) (TSE:GMM.U) had its price target raised by Deutsche Bank Aktiengesellschaft from $44.00 to $50.00 in a report released on Tuesday. The brokerage presently has a “hold” rating on the auto manufacturer’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 10.94% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Piper Sandler started coverage on shares of General Motors in a research report on Friday, March 15th. They set a “neutral” rating and a $44.00 price target on the stock. The Goldman Sachs Group raised their price target on shares of General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Morgan Stanley increased their price objective on shares of General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Redburn Atlantic started coverage on shares of General Motors in a report on Wednesday, January 24th. They set a “neutral” rating and a $40.00 price objective on the stock. Finally, Barclays increased their price objective on shares of General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.35.

General Motors Stock Down 0.1 %

GM stock opened at $45.07 on Tuesday. The firm has a market cap of $52.03 billion, a PE ratio of 6.17, a P/E/G ratio of 0.51 and a beta of 1.51. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.08. The firm’s fifty day moving average is $42.00 and its 200 day moving average is $36.12. General Motors has a one year low of $26.30 and a one year high of $46.04.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating the consensus estimate of $2.02 by $0.60. The company had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $2.21 earnings per share. On average, research analysts forecast that General Motors will post 9.12 EPS for the current year.

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the transaction, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at $540,315. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other General Motors news, EVP Rory Harvey sold 5,100 shares of General Motors stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $43.04, for a total transaction of $219,504.00. Following the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at $544,800.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,248 shares of company stock valued at $3,614,078. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On General Motors

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of General Motors by 1.4% during the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock valued at $3,674,861,000 after acquiring an additional 1,580,681 shares during the last quarter. Putnam Investments LLC increased its position in shares of General Motors by 16.8% during the fourth quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer’s stock valued at $726,942,000 after acquiring an additional 2,905,689 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of General Motors by 21.9% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer’s stock valued at $650,062,000 after acquiring an additional 3,247,050 shares during the last quarter. Norges Bank acquired a new stake in shares of General Motors during the fourth quarter valued at about $602,280,000. Finally, Morgan Stanley increased its position in shares of General Motors by 1.3% during the third quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer’s stock valued at $501,562,000 after acquiring an additional 201,080 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

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.