General Motors (GM) Getting Somewhat Favorable News Coverage, Report Shows
News headlines about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Motors earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the auto manufacturer an impact score of 45.7437339687898 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s rankings:
- How Analysts Rate Tesla Stock after Semi Unveiling (finance.yahoo.com)
- 2018 GMC Sierra 2500HD All Mountain concept: Nothing stops it in its tracks (finance.yahoo.com)
- Yahoo Finance Live: Midday Movers – Nov 22nd, 2017 (finance.yahoo.com)
- General Motors: Undervalued And Moving In The Right Direction (seekingalpha.com)
- Is General Motors Company (GM) A Buy At Its Current PE Ratio? (finance.yahoo.com)
Shares of General Motors (NYSE GM) traded up $0.17 during trading on Friday, reaching $44.46. 3,805,890 shares of the company’s stock traded hands, compared to its average volume of 13,356,496. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. General Motors has a 12-month low of $31.92 and a 12-month high of $46.76. The company has a market capitalization of $62,909.88, a PE ratio of 7.16, a PEG ratio of 0.77 and a beta of 1.56.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly 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. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same period in the previous year, the business earned $1.72 earnings per share. General Motors’s revenue for the quarter was down 16.6% compared to the same quarter last year. equities research analysts anticipate that General Motors will post 6.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is presently 77.95%.
A number of equities research analysts have issued reports on the company. Berenberg Bank set a $31.00 target price on General Motors and gave the company a “sell” rating in a research note on Monday, August 14th. Deutsche Bank AG restated a “buy” rating on shares of General Motors in a research note on Friday, November 17th. Guggenheim upgraded shares of General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Monday. Citigroup Inc. restated a “buy” rating and set a $53.00 price objective on shares of General Motors in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies set a $44.00 price objective on shares of General Motors and gave the company a “buy” rating in a research note on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. General Motors has an average rating of “Hold” and an average target price of $43.61.
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In related news, President Daniel Ammann sold 50,000 shares of General Motors stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $38.00, for a total value of $1,900,000.00. Following the transaction, the president now owns 185,953 shares of the company’s stock, valued at approximately $7,066,214. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alan S. Batey sold 234,274 shares of General Motors stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total value of $8,911,782.96. Following the completion of the transaction, the insider now directly owns 67,548 shares in the company, valued at approximately $2,569,525.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 971,122 shares of company stock worth $40,627,952. 0.04% of the stock is owned by company insiders.
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.
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