Shares of General Motors (NYSE:GM) (TSE:GMM.U) have been assigned an average recommendation of “Buy” from the twenty-eight ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, twelve have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $44.46.
GM has been the subject of several analyst reports. Evercore ISI raised their price objective on General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Cascend Securities lowered General Motors to a “buy” rating in a research note on Tuesday, December 5th. Bank of America reissued a “buy” rating and set a $57.00 price target on shares of General Motors in a research note on Tuesday, November 28th. Guggenheim raised General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Monday, November 20th. Finally, Barclays reissued a “buy” rating and set a $61.00 price target on shares of General Motors in a research note on Tuesday, January 9th.
In other news, insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total value of $2,269,935.00. Following the transaction, the insider now directly owns 57,091 shares in the company, valued at approximately $2,569,095. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark L. Reuss sold 30,000 shares of General Motors stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $43.09, for a total value of $1,292,700.00. Following the completion of the transaction, the insider now owns 103,052 shares in the company, valued at $4,440,510.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,289,848 shares of company stock valued at $1,600,694,061. 0.04% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Fox Run Management L.L.C. increased its holdings in shares of General Motors by 3.1% in the 4th quarter. Fox Run Management L.L.C. now owns 38,782 shares of the auto manufacturer’s stock valued at $1,590,000 after acquiring an additional 1,182 shares during the period. National Asset Management Inc. grew its stake in General Motors by 8.6% during the 3rd quarter. National Asset Management Inc. now owns 15,302 shares of the auto manufacturer’s stock worth $619,000 after buying an additional 1,217 shares during the last quarter. National Planning Corp grew its stake in General Motors by 5.6% during the 3rd quarter. National Planning Corp now owns 25,867 shares of the auto manufacturer’s stock worth $1,124,000 after buying an additional 1,381 shares during the last quarter. Rathbone Brothers plc grew its stake in General Motors by 22.7% during the 4th quarter. Rathbone Brothers plc now owns 7,560 shares of the auto manufacturer’s stock worth $310,000 after buying an additional 1,400 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. grew its stake in General Motors by 3.9% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 38,192 shares of the auto manufacturer’s stock worth $1,542,000 after buying an additional 1,431 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.
General Motors (NYSE GM) traded up $0.04 during trading hours on Friday, hitting $37.05. The stock had a trading volume of 3,407,881 shares, compared to its average volume of 13,551,867. The company has a market cap of $53,231.45, a price-to-earnings ratio of -12.82, a price-to-earnings-growth ratio of 0.73 and a beta of 1.60. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.31. The business had revenue of $34.48 billion during the quarter, compared to analyst estimates of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the company earned $1.28 EPS. analysts expect that General Motors will post 6.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s dividend payout ratio (DPR) is presently -52.59%.
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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.
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