General Motors (NYSE:GM) PT Raised to $52.00

General Motors (NYSE:GM) (TSE:GMM.U) had its price target boosted by investment analysts at Mizuho from $48.00 to $52.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the auto manufacturer’s stock. Mizuho’s price target would suggest a potential upside of 13.99% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of General Motors from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday. Piper Sandler started coverage on shares of General Motors in a report on Friday, March 15th. They issued a “neutral” rating and a $44.00 price target on the stock. The Goldman Sachs Group increased their price target on shares of General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Company increased their price target on shares of General Motors from $27.00 to $28.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. Finally, Wedbush increased their price target on shares of General Motors from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.38.

General Motors Stock Performance

NYSE GM opened at $45.62 on Wednesday. General Motors has a 1 year low of $26.30 and a 1 year high of $46.04. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.90. The stock has a market capitalization of $52.67 billion, a PE ratio of 5.58, a P/E/G ratio of 0.53 and a beta of 1.51. The company’s 50 day simple moving average is $42.13 and its two-hundred day simple moving average is $36.19.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion for the quarter, compared to analysts’ expectations of $41.09 billion. During the same period in the prior year, the company posted $2.21 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that General Motors will post 9.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the sale, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Christopher Hatto sold 15,510 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the sale, the executive vice president now directly owns 71,506 shares of the company’s stock, valued at $3,236,361.56. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock valued at $3,614,078 in the last quarter. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of General Motors by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer’s stock worth $3,674,861,000 after purchasing an additional 1,580,681 shares during the period. Putnam Investments LLC lifted its position in shares of General Motors by 16.8% in the 4th quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer’s stock worth $726,942,000 after purchasing an additional 2,905,689 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of General Motors by 21.9% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer’s stock worth $650,062,000 after purchasing an additional 3,247,050 shares during the period. Norges Bank purchased a new position in General Motors during the 4th quarter valued at about $602,280,000. Finally, Morgan Stanley lifted its position in General Motors by 1.3% during the 3rd 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 period. 92.67% of the stock is owned by hedge funds and other institutional investors.

About General Motors

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.