General Motors Company (GM) Given Consensus Rating of “Buy” by Brokerages

Shares of General Motors Company (NYSE:GM) (TSE:GMM.U) have earned an average recommendation of “Buy” from the twenty-nine ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, twelve have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $42.67.

Several analysts recently weighed in on GM shares. Piper Jaffray Companies restated a “buy” rating and set a $44.00 price objective on shares of General Motors in a research report on Tuesday, September 12th. Royal Bank Of Canada restated a “hold” rating and set a $37.00 price objective on shares of General Motors in a research report on Friday, July 14th. UBS AG restated a “buy” rating and set a $50.00 price objective (up from $39.00) on shares of General Motors in a research report on Wednesday, October 11th. Barclays PLC upgraded General Motors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $55.00 in a research report on Friday, October 13th. Finally, Buckingham Research restated a “neutral” rating and set a $33.00 price objective on shares of General Motors in a research report on Friday, September 8th.

COPYRIGHT VIOLATION NOTICE: “General Motors Company (GM) Given Consensus Rating of “Buy” by Brokerages” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://ledgergazette.com/2017/10/18/general-motors-company-gm-given-consensus-rating-of-buy-by-brokerages.html.

In other General Motors news, Director Jane L. Mendillo bought 1,440 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $34.86 per share, with a total value of $50,198.40. Following the completion of the purchase, the director now directly owns 4,560 shares of the company’s stock, valued at approximately $158,961.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alan S. Batey sold 8,144 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $35.57, for a total value of $289,682.08. Following the sale, the insider now directly owns 66,748 shares of the company’s stock, valued at approximately $2,374,226.36. The disclosure for this sale can be found here. In the last three months, insiders sold 852,901 shares of company stock valued at $32,378,733. Insiders own 0.04% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GM. Waldron LP grew its stake in General Motors by 13.6% during the first quarter. Waldron LP now owns 8,132 shares of the auto manufacturer’s stock worth $287,000 after purchasing an additional 975 shares during the period. Wayne Hummer Investments L.L.C. boosted its holdings in General Motors by 42.1% in the first quarter. Wayne Hummer Investments L.L.C. now owns 22,254 shares of the auto manufacturer’s stock worth $787,000 after acquiring an additional 6,589 shares in the last quarter. Atlantic Trust Group LLC boosted its holdings in General Motors by 4.9% in the first quarter. Atlantic Trust Group LLC now owns 56,570 shares of the auto manufacturer’s stock worth $2,000,000 after acquiring an additional 2,636 shares in the last quarter. Schroder Investment Management Group boosted its holdings in General Motors by 13.0% in the first quarter. Schroder Investment Management Group now owns 388,382 shares of the auto manufacturer’s stock worth $13,752,000 after acquiring an additional 44,754 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd boosted its holdings in General Motors by 4.5% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 219,969 shares of the auto manufacturer’s stock worth $7,778,000 after acquiring an additional 9,521 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

General Motors (NYSE:GM) opened at 45.02 on Wednesday. General Motors has a one year low of $30.21 and a one year high of $46.11. The firm’s 50 day moving average price is $40.07 and its 200-day moving average price is $35.92. The company has a market capitalization of $65.60 billion, a PE ratio of 7.83 and a beta of 1.45.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business had revenue of $36.98 billion during the quarter, compared to the consensus estimate of $37.67 billion. During the same period in the prior year, the company earned $1.86 EPS. General Motors’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts forecast that General Motors will post $6.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a $0.38 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.38%. General Motors’s payout ratio is 26.48%.

About General Motors

General M

Several analysts recently weighed in on GM shares. Piper Jaffray Companies restated a “buy” rating and set a $44.00 price objective on shares of General Motors in a research report on Tuesday, September 12th. Royal Bank Of Canada restated a “hold” rating and set a $37.00 price objective on shares of General Motors in a research report on Friday, July 14th. UBS AG restated a “buy” rating and set a $50.00 price objective (up from $39.00) on shares of General Motors in a research report on Wednesday, October 11th. Barclays PLC upgraded General Motors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $55.00 in a research report on Friday, October 13th. Finally, Buckingham Research restated a “neutral” rating and set a $33.00 price objective on shares of General Motors in a research report on Friday, September 8th.

COPYRIGHT VIOLATION NOTICE: “General Motors Company (GM) Given Consensus Rating of “Buy” by Brokerages” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://ledgergazette.com/2017/10/18/general-motors-company-gm-given-consensus-rating-of-buy-by-brokerages.html.

In other General Motors news, Director Jane L. Mendillo bought 1,440 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $34.86 per share, with a total value of $50,198.40. Following the completion of the purchase, the director now directly owns 4,560 shares of the company’s stock, valued at approximately $158,961.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alan S. Batey sold 8,144 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $35.57, for a total value of $289,682.08. Following the sale, the insider now directly owns 66,748 shares of the company’s stock, valued at approximately $2,374,226.36. The disclosure for this sale can be found here. In the last three months, insiders sold 852,901 shares of company stock valued at $32,378,733. Insiders own 0.04% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GM. Waldron LP grew its stake in General Motors by 13.6% during the first quarter. Waldron LP now owns 8,132 shares of the auto manufacturer’s stock worth $287,000 after purchasing an additional 975 shares during the period. Wayne Hummer Investments L.L.C. boosted its holdings in General Motors by 42.1% in the first quarter. Wayne Hummer Investments L.L.C. now owns 22,254 shares of the auto manufacturer’s stock worth $787,000 after acquiring an additional 6,589 shares in the last quarter. Atlantic Trust Group LLC boosted its holdings in General Motors by 4.9% in the first quarter. Atlantic Trust Group LLC now owns 56,570 shares of the auto manufacturer’s stock worth $2,000,000 after acquiring an additional 2,636 shares in the last quarter. Schroder Investment Management Group boosted its holdings in General Motors by 13.0% in the first quarter. Schroder Investment Management Group now owns 388,382 shares of the auto manufacturer’s stock worth $13,752,000 after acquiring an additional 44,754 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd boosted its holdings in General Motors by 4.5% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 219,969 shares of the auto manufacturer’s stock worth $7,778,000 after acquiring an additional 9,521 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

General Motors (NYSE:GM) opened at 45.02 on Wednesday. General Motors has a one year low of $30.21 and a one year high of $46.11. The firm’s 50 day moving average price is $40.07 and its 200-day moving average price is $35.92. The company has a market capitalization of $65.60 billion, a PE ratio of 7.83 and a beta of 1.45.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business had revenue of $36.98 billion during the quarter, compared to the consensus estimate of $37.67 billion. During the same period in the prior year, the company earned $1.86 EPS. General Motors’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts forecast that General Motors will post $6.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a $0.38 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.38%. General Motors’s payout ratio is 26.48%.

About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Analyst Recommendations for General Motors (NYSE:GM)

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