General Motors (NYSE:GM) Sets New 12-Month High – Here’s Why

General Motors Company (NYSE:GM) (TSE:GMM.U)’s stock price hit a new 52-week high on Wednesday. The stock traded as high as $91.87 and last traded at $91.8590, with a volume of 987,135 shares. The stock had previously closed at $88.34.

Key General Motors News

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: Zacks Research raised its Q2 2027 EPS estimate to $3.74 from $3.47 and its Q3 2027 estimate to $3.65 from $3.51, suggesting stronger expected earnings in those quarters. MarketBeat GM research details
• Positive Sentiment: GM is preparing to expand hybrid offerings, starting with large SUVs, and add an AI “intelligence layer” to OnStar. These initiatives could strengthen its product appeal and connected-services offering. GM hybrid plans GM OnStar AI plans
• Neutral Sentiment: Forecast changes were mixed: Zacks also cut its Q4 2026 EPS estimate to $2.32 from $2.56 and trimmed Q1 2027 to $3.08 from $3.09. Separately, a report said GM was rising as a projected Democratic congressional sweep raised merger and regulatory concerns for companies including Tesla and SpaceX; that may support GM relative to peers but does not establish a direct benefit to GM’s business. Market reaction to projected congressional sweep
• Negative Sentiment: GM’s $220 million privacy settlement over driver-data practices highlights legal and reputational risks associated with collecting and sharing connected-vehicle data. GM privacy settlement analysis

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Tigress Financial lifted their price target on shares of General Motors from $130.00 to $132.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 28th. Daiwa Securities Group raised their target price on shares of General Motors from $83.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Benchmark restated a “buy” rating and issued a $105.00 target price (up from $90.00) on shares of General Motors in a report on Tuesday, July 21st. The Goldman Sachs Group cut their target price on General Motors from $112.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday, October 21st. Finally, Royal Bank Of Canada cut their price objective on General Motors from $102.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $101.44.

General Motors Stock Up 4.8%

The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32. The firm has a market cap of $78.08 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 0.51 and a beta of 1.40. The stock has a 50-day moving average of $83.15 and a 200-day moving average of $80.69.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.01. General Motors had a net margin of 2.12% and a return on equity of 19.36%. The company had revenue of $50.02 billion for the quarter, compared to the consensus estimate of $48.78 billion. During the same period in the previous year, the firm earned $2.80 EPS. General Motors’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that General Motors Company will post 13.38 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 4th. General Motors’s payout ratio is currently 16.51%.

General Motors declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 20th that authorizes the company to repurchase $20 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to buy up to 27.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of General Motors

Institutional investors and hedge funds have recently modified their holdings of the business. Richardson Financial Services Inc. boosted its stake in shares of General Motors by 75.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 325 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 140 shares during the period. Evergreen Advisors LLC bought a new stake in General Motors in the first quarter worth about $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in General Motors in the second quarter worth about $31,000. Burk Holdings LLC purchased a new position in shares of General Motors during the second quarter valued at approximately $31,000. Finally, Premier Financial Group purchased a new stake in shares of General Motors in the second quarter worth approximately $31,000. Institutional investors own 92.67% of the company’s stock.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.

GM’s product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.