General Motors (NYSE:GM) (TSE:GMM.U) was downgraded by stock analysts at Vetr from a “hold” rating to a “sell” rating in a report released on Tuesday, December 26th. They presently have a $40.10 target price on the auto manufacturer’s stock. Vetr‘s price objective points to a potential downside of 9.01% from the company’s previous close.
Several other brokerages also recently weighed in on GM. Piper Jaffray Companies reaffirmed a “buy” rating and set a $44.00 price target on shares of General Motors in a report on Tuesday, September 12th. Citigroup reiterated a “buy” rating and set a $53.00 price objective on shares of General Motors in a research report on Monday, October 2nd. Cascend Securities cut shares of General Motors to a “buy” rating in a research report on Tuesday, December 5th. Standpoint Research cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, Buckingham Research restated a “neutral” rating and issued a $33.00 price target on shares of General Motors in a research report on Friday, September 8th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. General Motors has an average rating of “Hold” and a consensus price target of $44.29.
General Motors (NYSE:GM) opened at $44.07 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. The stock has a market cap of $62,600.00, a P/E ratio of 9.54, a P/E/G ratio of 0.82 and a beta of 1.55. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The company had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The firm’s revenue was down 16.6% compared to the same quarter last year. analysts expect that General Motors will post 6.25 EPS for the current year.
In other news, EVP Nysschen Carel J. De sold 123,645 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.59, for a total transaction of $5,513,330.55. Following the transaction, the executive vice president now owns 150,484 shares in the company, valued at $6,710,081.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Stefan Jacoby sold 37,961 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $42.87, for a total transaction of $1,627,388.07. Following the completion of the transaction, the executive vice president now owns 98,340 shares in the company, valued at approximately $4,215,835.80. The disclosure for this sale can be found here. Insiders sold 552,298 shares of company stock valued at $24,408,137 over the last quarter. 0.04% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Berkshire Hathaway Inc. boosted its position in General Motors by 20.0% in the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after purchasing an additional 10,000,000 shares in the last quarter. Janus Henderson Group PLC boosted its position in General Motors by 290.9% in the 2nd quarter. Janus Henderson Group PLC now owns 10,247,171 shares of the auto manufacturer’s stock worth $357,944,000 after purchasing an additional 7,625,809 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in General Motors in the 3rd quarter worth approximately $202,352,000. Vanguard Group Inc. boosted its position in General Motors by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock worth $3,262,952,000 after purchasing an additional 3,560,717 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in General Motors by 72.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,210,479 shares of the auto manufacturer’s stock worth $147,072,000 after purchasing an additional 1,775,924 shares in the last quarter. Institutional investors own 73.01% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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