General Motors Company (NYSE:GM) (TSE:GMM.U) was upgraded by research analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report issued on Monday.

GM has been the topic of a number of other research reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $44.00 price objective on shares of General Motors in a research report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $37.00 price objective on shares of General Motors in a research report on Friday, July 14th. Buckingham Research reaffirmed a “neutral” rating and set a $33.00 price objective on shares of General Motors in a research report on Friday, September 8th. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of General Motors in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. General Motors currently has a consensus rating of “Buy” and an average price target of $38.59.

Shares of General Motors (NYSE:GM) opened at 39.42 on Monday. General Motors has a 12 month low of $30.21 and a 12 month high of $39.54. The firm’s 50-day moving average price is $36.19 and its 200 day moving average price is $35.09. The company has a market cap of $57.44 billion, a PE ratio of 6.85 and a beta of 1.44.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business had revenue of $36.98 billion for the quarter, compared to analyst estimates of $37.67 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The company’s revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that General Motors will post $6.13 earnings per share for the current fiscal year.

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In other General Motors news, Director Jane L. Mendillo bought 1,440 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average price of $34.86 per share, for a total transaction of $50,198.40. Following the completion of the purchase, the director now owns 4,560 shares of the company’s stock, valued at $158,961.60. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider John J. Quattrone sold 15,000 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $35.00, for a total transaction of $525,000.00. Following the sale, the insider now owns 42,623 shares of the company’s stock, valued at approximately $1,491,805. The disclosure for this sale can be found here. Insiders have sold 614,947 shares of company stock valued at $22,402,528 in the last quarter. Insiders own 0.04% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of General Motors by 4.0% during the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock worth $3,262,952,000 after buying an additional 3,560,717 shares during the period. BlackRock Inc. boosted its stake in shares of General Motors by 1.1% during the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock worth $2,750,849,000 after buying an additional 850,211 shares during the period. State Street Corp boosted its stake in shares of General Motors by 3.9% during the first quarter. State Street Corp now owns 60,423,820 shares of the auto manufacturer’s stock worth $2,136,563,000 after buying an additional 2,252,866 shares during the period. Berkshire Hathaway Inc. boosted its stake in shares of General Motors by 20.0% during the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after buying an additional 10,000,000 shares during the period. Finally, Capital World Investors boosted its stake in shares of General Motors by 5.0% during the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after buying an additional 1,500,500 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

General Motors Company Profile

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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