Vetr upgraded shares of General Motors (NYSE:GM) (TSE:GMM.U) from a sell rating to a hold rating in a research note published on Monday morning. Vetr currently has $40.24 target price on the auto manufacturer’s stock.

Several other equities research analysts also recently issued reports on GM. Piper Jaffray Companies set a $44.00 price objective on shares of General Motors and gave the stock a buy rating in a research report on Monday, October 16th. Morgan Stanley downgraded shares of General Motors from an overweight rating to an equal weight rating and cut their price objective for the stock from $46.48 to $43.00 in a research report on Wednesday, October 25th. Royal Bank of Canada raised their price objective on shares of General Motors from $44.00 to $51.00 and gave the stock a sector perform rating in a research report on Wednesday, October 25th. Craig Hallum set a $45.00 price objective on shares of General Motors and gave the stock a hold rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets upgraded shares of General Motors to a market perform rating and raised their price objective for the stock from $41.00 to $48.00 in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. General Motors currently has an average rating of Hold and a consensus target price of $44.44.

Shares of General Motors (NYSE:GM) opened at $41.81 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86. The stock has a market cap of $59,390.00, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.59. General Motors has a 1 year low of $31.92 and a 1 year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.31. The firm had revenue of $34.48 billion during the quarter, compared to the consensus estimate of $34.28 billion. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. sell-side analysts anticipate that General Motors will post 6.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.64%. General Motors’s dividend payout ratio is presently 29.51%.

In related news, CFO Charles K. Stevens III sold 35,000 shares of General Motors stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $40.88, for a total value of $1,430,800.00. Following the transaction, the chief financial officer now directly owns 26,052 shares of the company’s stock, valued at $1,065,005.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total transaction of $2,269,935.00. Following the completion of the transaction, the insider now directly owns 57,091 shares in the company, valued at $2,569,095. The disclosure for this sale can be found here. Insiders sold 203,847 shares of company stock worth $8,793,908 over the last three months. 0.04% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in GM. Paradigm Financial Advisors LLC grew its stake in shares of General Motors by 11.3% during the second quarter. Paradigm Financial Advisors LLC now owns 7,462 shares of the auto manufacturer’s stock worth $261,000 after buying an additional 755 shares during the last quarter. Canal Capital Management LLC grew its stake in shares of General Motors by 5.5% during the third quarter. Canal Capital Management LLC now owns 21,392 shares of the auto manufacturer’s stock worth $864,000 after buying an additional 1,118 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of General Motors by 7.2% during the second quarter. Cetera Investment Advisers now owns 17,425 shares of the auto manufacturer’s stock worth $602,000 after buying an additional 1,176 shares during the last quarter. Fox Run Management L.L.C. grew its stake in shares of General Motors by 3.1% during the fourth quarter. Fox Run Management L.L.C. now owns 38,782 shares of the auto manufacturer’s stock worth $1,590,000 after buying an additional 1,182 shares during the last quarter. Finally, Reliance Trust Co. of Delaware grew its stake in shares of General Motors by 18.2% during the third quarter. Reliance Trust Co. of Delaware now owns 7,812 shares of the auto manufacturer’s stock worth $315,000 after buying an additional 1,201 shares during the last quarter. 73.38% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for General Motors (NYSE:GM)

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