A number of firms have modified their ratings and price targets on shares of General Motors (NYSE: GM) recently:

  • 5/15/2018 – General Motors was given a new $57.00 price target on by analysts at Piper Jaffray. They now have an “overweight” rating on the stock.
  • 5/9/2018 – General Motors was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “General Motors’ first-quarter 2018 earnings and revenues beat the Zacks Consensus Estimates. During the quarter, crossover sales rose 23% on a year-over-year basis. However, both earnings and revenues declined on a year over year basis.  Also, company’s capital allocation strategy, initiatives to make its vehicles more advanced, safer and fuel efficient and focus on technology development are likely to benefit. Its restructuring activities are also expected to benefit in the long run. Also, the company is raising investment in emerging markets to boost global sales. However, frequent vehicle recalls, high inventory level of passenger cars and unfavorable currency translation effects are few headwinds for the company.”
  • 5/2/2018 – General Motors was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/27/2018 – General Motors had its “hold” rating reaffirmed by analysts at Citigroup. They now have a $70.00 price target on the stock.
  • 4/27/2018 – General Motors was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 4/11/2018 – General Motors was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “General Motors will increase the production of Chevrolet Bolt electric vehicle to meet its growing demand. Also, company’s capital allocation strategy, initiatives to make its vehicles more advanced, safer and fuel efficient and focus on technology development are likely to benefit. Its restructuring activities are also expected to benefit in the long run. Also, the company is raising investment in emerging markets to boost global sales. However, frequent vehicle recalls, high inventory level of passenger cars and unfavorable currency translation effects are few headwinds for the company. Also, in the last six months, shares of General Motors have underperformed the industry it belongs to. “
  • 4/9/2018 – General Motors was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $45.00 price target on the stock.
  • 4/5/2018 – General Motors was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $41.50 price target on the stock.
  • 4/3/2018 – General Motors was given a new $31.00 price target on by analysts at Goldman Sachs. They now have a “sell” rating on the stock.
  • 3/28/2018 – General Motors had its “sell” rating reaffirmed by analysts at Goldman Sachs. They now have a $31.00 price target on the stock.
  • 3/27/2018 – General Motors was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.

GM stock opened at $38.30 on Friday. The stock has a market cap of $53.60 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 1.09 and a beta of 1.61. General Motors has a one year low of $36.95 and a one year high of $37.36. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Thursday, April 26th. The auto manufacturer reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.19. The business had revenue of $36.10 billion during the quarter, compared to analyst estimates of $34.67 billion. General Motors had a negative net margin of 3.76% and a positive return on equity of 23.03%. The company’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 earnings per share. analysts predict that General Motors will post 6.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, June 7th. General Motors’s payout ratio is 22.96%.

In other news, insider Charles K. Stevens III sold 35,000 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $36.10, for a total transaction of $1,263,500.00. Following the transaction, the insider now owns 67,741 shares in the company, valued at $2,445,450.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $39.71, for a total transaction of $1,588,400,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of General Motors by 1.4% during the first quarter. BlackRock Inc. now owns 78,008,491 shares of the auto manufacturer’s stock valued at $2,834,827,000 after acquiring an additional 1,086,199 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of General Motors by 13.7% during the first quarter. Franklin Resources Inc. now owns 24,874,605 shares of the auto manufacturer’s stock valued at $903,943,000 after acquiring an additional 3,005,964 shares in the last quarter. LSV Asset Management increased its holdings in shares of General Motors by 3.7% during the first quarter. LSV Asset Management now owns 11,199,985 shares of the auto manufacturer’s stock valued at $407,007,000 after acquiring an additional 404,722 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of General Motors by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 11,020,001 shares of the auto manufacturer’s stock valued at $451,709,000 after acquiring an additional 110,658 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of General Motors by 78.1% during the fourth quarter. Millennium Management LLC now owns 6,810,691 shares of the auto manufacturer’s stock valued at $279,170,000 after acquiring an additional 2,986,293 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

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.

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