General Motors (NYSE:GM) (TSE:GMM.U)‘s stock had its “buy” rating reaffirmed by equities research analysts at Credit Suisse Group in a report issued on Wednesday, Stock Target Advisor reports. They presently have a $47.00 target price on the auto manufacturer’s stock. Credit Suisse Group’s target price would indicate a potential upside of 37.63% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Bank of America set a $55.00 price target on shares of General Motors and gave the company a “buy” rating in a research report on Tuesday, October 15th. ValuEngine raised shares of General Motors from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Buckingham Research dropped their price target on shares of General Motors from $35.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $49.00 price target on shares of General Motors in a research report on Sunday, January 19th. Finally, Benchmark began coverage on shares of General Motors in a research report on Thursday, January 9th. They issued a “buy” rating and a $49.00 price target on the stock. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. General Motors has an average rating of “Buy” and an average price target of $46.75.

NYSE GM traded down $0.75 during trading hours on Wednesday, hitting $34.15. The company’s stock had a trading volume of 434,146 shares, compared to its average volume of 7,719,971. General Motors has a 52 week low of $33.08 and a 52 week high of $41.90. The company has a market capitalization of $49.88 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 0.52 and a beta of 1.37. The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 1.43. The company’s 50-day simple moving average is $35.88 and its two-hundred day simple moving average is $37.14.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.54. General Motors had a net margin of 6.19% and a return on equity of 19.78%. The business had revenue of $35.50 billion for the quarter, compared to analysts’ expectations of $35.21 billion. During the same quarter last year, the firm earned $1.87 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. Research analysts anticipate that General Motors will post 4.76 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. State of Michigan Retirement System increased its stake in General Motors by 0.7% in the 4th quarter. State of Michigan Retirement System now owns 304,120 shares of the auto manufacturer’s stock valued at $11,131,000 after buying an additional 2,100 shares during the last quarter. Intl Fcstone Inc. increased its stake in General Motors by 8.3% in the 4th quarter. Intl Fcstone Inc. now owns 8,822 shares of the auto manufacturer’s stock valued at $323,000 after buying an additional 674 shares during the last quarter. First Midwest Bank Trust Division increased its stake in General Motors by 2.4% in the 4th quarter. First Midwest Bank Trust Division now owns 33,363 shares of the auto manufacturer’s stock valued at $1,221,000 after buying an additional 770 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of General Motors during the 4th quarter worth approximately $660,000. Finally, JBJ Investment Partners LLC increased its stake in shares of General Motors by 8.2% during the 4th quarter. JBJ Investment Partners LLC now owns 9,082 shares of the auto manufacturer’s stock worth $332,000 after purchasing an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 75.43% of the company’s stock.

General Motors Company Profile

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

Further Reading: What does a neutral rating on stocks mean?

Analyst Recommendations for General Motors (NYSE:GM)

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