ValuEngine lowered shares of General Motors (NYSE:GM) (TSE:GMM.U) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Several other brokerages have also commented on GM. JPMorgan Chase & Co. restated an overweight rating and set a $58.00 price target on shares of General Motors in a research note on Friday, June 1st. Evercore ISI upgraded General Motors from an in-line rating to an outperform rating and raised their price target for the company from $47.00 to $50.00 in a research note on Thursday, May 31st. Guggenheim restated a buy rating and set a $52.00 price target on shares of General Motors in a research note on Friday, July 20th. Piper Jaffray Companies set a $57.00 price target on General Motors and gave the company an overweight rating in a research note on Tuesday, May 15th. Finally, Zacks Investment Research lowered General Motors from a buy rating to a hold rating in a research note on Tuesday, June 19th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $47.02.

NYSE:GM opened at $35.60 on Tuesday. The firm has a market cap of $50.86 billion, a PE ratio of 5.81, a price-to-earnings-growth ratio of 0.74 and a beta of 1.56. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.81. General Motors has a twelve month low of $34.50 and a twelve month high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Wednesday, July 25th. The auto manufacturer reported $1.81 EPS for the quarter, beating the consensus estimate of $1.78 by $0.03. The firm had revenue of $36.80 billion for the quarter, compared to analyst estimates of $36.62 billion. General Motors had a positive return on equity of 23.39% and a negative net margin of 3.26%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $1.89 earnings per share. sell-side analysts anticipate that General Motors will post 5.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 6th. This represents a $1.52 annualized dividend and a yield of 4.27%. General Motors’s dividend payout ratio (DPR) is presently 22.96%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Alps Advisors Inc. purchased a new stake in shares of General Motors during the first quarter worth about $1,032,000. Atria Investments LLC grew its stake in shares of General Motors by 7.2% during the first quarter. Atria Investments LLC now owns 32,518 shares of the auto manufacturer’s stock worth $1,182,000 after acquiring an additional 2,178 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of General Motors by 8.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 329,216 shares of the auto manufacturer’s stock worth $11,964,000 after acquiring an additional 24,600 shares during the last quarter. Pinnacle Financial Partners Inc. purchased a new stake in shares of General Motors during the first quarter worth about $141,000. Finally, Trexquant Investment LP grew its stake in shares of General Motors by 8.2% during the first quarter. Trexquant Investment LP now owns 93,411 shares of the auto manufacturer’s stock worth $3,395,000 after acquiring an additional 7,046 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

Featured Story: Google Finance Portfolio Workaround

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

Analyst Recommendations for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.