General Motors Company (GM) Receives $43.61 Average Target Price from Analysts

Shares of General Motors Company (NYSE:GM) (TSE:GMM.U) have been given a consensus recommendation of “Hold” by the twenty-eight analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $43.61.

Several research analysts recently commented on the company. BidaskClub raised General Motors from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Vetr raised General Motors from a “hold” rating to a “buy” rating and set a $37.42 target price for the company in a research report on Monday, July 24th. Royal Bank Of Canada raised their target price on General Motors from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 26th. Jefferies Group LLC raised their target price on General Motors from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Finally, Standpoint Research cut General Motors from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th.

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Shares of General Motors (GM) traded down $0.14 during mid-day trading on Friday, reaching $42.86. The company had a trading volume of 13,620,000 shares, compared to its average volume of 13,435,734. The company has a market capitalization of $60,880.00, a PE ratio of 7.04, a P/E/G ratio of 0.76 and a beta of 1.56. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping the consensus estimate of $1.07 by $0.25. The firm had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. General Motors’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period last year, the business earned $1.72 earnings per share. research analysts anticipate that General Motors will post 6.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a $0.38 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.55%. General Motors’s payout ratio is 32.90%.

In other news, Director Jane L. Mendillo acquired 1,440 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $34.86 per share, for a total transaction of $50,198.40. Following the completion of the transaction, the director now directly owns 4,560 shares in the company, valued at $158,961.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alicia S. Boler-Davis sold 10,000 shares of General Motors stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 971,122 shares of company stock valued at $40,627,952. Corporate insiders own 0.04% of the company’s stock.

A number of hedge funds have recently made changes to their positions in GM. YorkBridge Wealth Partners LLC increased its position in General Motors by 43.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after purchasing an additional 860 shares during the period. Franklin Parlapiano Turner & Welch LLC acquired a new stake in General Motors in the first quarter worth about $106,000. FNY Managed Accounts LLC acquired a new stake in General Motors in the first quarter worth about $107,000. State of Alaska Department of Revenue increased its position in General Motors by 10.5% in the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after purchasing an additional 310 shares during the period. Finally, Fieldpoint Private Securities LLC acquired a new stake in General Motors in the third quarter worth about $119,000. Hedge funds and other institutional investors own 74.51% 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.

Analyst Recommendations for General Motors (NYSE:GM)

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