General Motors (GM) Downgraded to “Hold” at ValuEngine

General Motors (NYSE:GM) (TSE:GMM.U) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

GM has been the subject of several other reports. TheStreet upgraded General Motors from a “c+” rating to a “b” rating in a research note on Friday, April 27th. Vetr lowered General Motors from a “strong-buy” rating to a “buy” rating and set a $41.50 price objective for the company. in a research note on Thursday, April 5th. Zacks Investment Research upgraded General Motors from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Wednesday, May 9th. Morgan Stanley set a $48.00 price objective on General Motors and gave the stock a “buy” rating in a research note on Thursday, May 24th. Finally, Bank of America restated a “buy” rating and issued a $60.00 price objective on shares of General Motors in a research note on Friday, June 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $46.75.

Shares of GM opened at $41.95 on Thursday. The firm has a market cap of $61.94 billion, a price-to-earnings ratio of 6.34, a P/E/G ratio of 1.25 and a beta of 1.63. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. General Motors has a 1-year low of $33.86 and a 1-year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Thursday, April 26th. The auto manufacturer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.19. The business had revenue of $36.10 billion during the quarter, compared to analyst estimates of $34.67 billion. General Motors had a negative net margin of 3.76% and a positive return on equity of 23.03%. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. sell-side analysts expect that General Motors will post 6.4 earnings per share for the current year.

In other General Motors news, insider Charles K. Stevens III sold 35,000 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $36.10, for a total transaction of $1,263,500.00. Following the completion of the transaction, the insider now owns 67,741 shares of the company’s stock, valued at approximately $2,445,450.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alan S. Batey sold 215,685 shares of the stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $43.01, for a total transaction of $9,276,611.85. Following the transaction, the executive vice president now directly owns 84,594 shares of the company’s stock, valued at approximately $3,638,387.94. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advent Capital Management DE lifted its holdings in shares of General Motors by 30.6% in the 4th quarter. Advent Capital Management DE now owns 198,541 shares of the auto manufacturer’s stock valued at $8,138,000 after acquiring an additional 46,541 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of General Motors by 154.4% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,923,200 shares of the auto manufacturer’s stock valued at $242,792,000 after acquiring an additional 3,594,700 shares during the last quarter. Bell & Brown Wealth Advisors LLC bought a new position in shares of General Motors in the 4th quarter valued at about $1,934,000. Madison Investment Holdings Inc. lifted its holdings in shares of General Motors by 19.6% in the 4th quarter. Madison Investment Holdings Inc. now owns 531,025 shares of the auto manufacturer’s stock valued at $21,767,000 after acquiring an additional 86,900 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of General Motors by 20.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 190,876 shares of the auto manufacturer’s stock valued at $7,824,000 after acquiring an additional 32,143 shares during the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Analyst Recommendations for General Motors (NYSE:GM)

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