Brokerages Set General Motors Company (NYSE:GM) Price Target at $74.81

General Motors Company (NYSE:GM) (TSE:GMM.U) has received an average rating of “Moderate Buy” from the twenty-three brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $75.7619.

GM has been the subject of several analyst reports. TD Cowen increased their target price on shares of General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Tigress Financial upped their price objective on shares of General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 24th. Evercore ISI increased their price objective on shares of General Motors from $68.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. Royal Bank Of Canada lifted their target price on shares of General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Argus set a $78.00 target price on General Motors in a report on Thursday, October 23rd.

Insider Activity

In related news, EVP Rory Harvey sold 6,600 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the transaction, the executive vice president owned 8,513 shares in the company, valued at approximately $527,380.35. This represents a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $864,504. This represents a 39.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 450,182 shares of company stock valued at $28,994,291 in the last ninety days. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GM. Corient Private Wealth LLC increased its stake in shares of General Motors by 6.2% in the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after purchasing an additional 20,017 shares in the last quarter. Mirova boosted its holdings in General Motors by 4.1% in the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after buying an additional 5,293 shares during the period. Engineers Gate Manager LP grew its stake in General Motors by 200.3% in the 2nd quarter. Engineers Gate Manager LP now owns 1,282,075 shares of the auto manufacturer’s stock valued at $63,091,000 after buying an additional 855,137 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in General Motors by 6.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock valued at $434,000 after acquiring an additional 526 shares during the period. Finally, Ieq Capital LLC lifted its position in shares of General Motors by 233.7% during the first quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer’s stock worth $23,854,000 after acquiring an additional 355,235 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors Stock Performance

Shares of General Motors stock opened at $82.74 on Wednesday. General Motors has a 52 week low of $41.60 and a 52 week high of $83.68. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average price of $71.88 and a 200-day moving average price of $60.78. The company has a market cap of $77.18 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter in the previous year, the firm earned $2.96 earnings per share. General Motors’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, December 5th. General Motors’s dividend payout ratio is 12.07%.

About General Motors

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.