General Motors (NYSE:GM) Rating Increased to Buy at StockNews.com

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

A number of other equities research analysts have also recently issued reports on the company. Royal Bank of Canada upped their price objective on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their price objective for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price objective on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.17.

General Motors Stock Down 8.8 %

Shares of NYSE:GM traded down $4.85 during mid-day trading on Tuesday, reaching $50.07. 33,742,709 shares of the stock were exchanged, compared to its average volume of 10,137,275. The company has a market cap of $55.06 billion, a P/E ratio of 5.34, a P/E/G ratio of 0.38 and a beta of 1.42. The stock’s 50 day simple moving average is $53.14 and its 200-day simple moving average is $49.95. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a one year low of $34.93 and a one year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 6.06% and a return on equity of 16.30%. As a group, equities research analysts predict that General Motors will post 10.34 EPS for the current year.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. This represents a 51.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the sale, the executive vice president now owns 122,465 shares in the company, valued at approximately $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 514,344 shares of company stock worth $28,977,691 over the last 90 days. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GM. Golden State Wealth Management LLC bought a new position in General Motors in the 4th quarter valued at $25,000. Crews Bank & Trust purchased a new stake in General Motors during the fourth quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of General Motors during the 4th quarter valued at about $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in General Motors during the second quarter valued at about $25,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of General Motors in the 4th quarter valued at about $31,000. 92.67% of the stock is owned by 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.