JPMorgan Chase & Co. Issues Positive Forecast for General Motors (NYSE:GM) Stock Price

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $110.00 to $120.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 46.39% from the stock’s previous close.

Several other research firms have also recently issued reports on GM. Benchmark reissued a “buy” rating on shares of General Motors in a research note on Tuesday. Evercore reissued an “outperform” rating and set a $100.00 price objective on shares of General Motors in a research report on Monday, May 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of General Motors in a research report on Wednesday. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research note on Monday, May 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $98.86.

Read Our Latest Analysis on GM

General Motors Trading Up 3.1%

NYSE GM traded up $2.46 on Wednesday, reaching $81.97. 3,296,329 shares of the company were exchanged, compared to its average volume of 7,885,231. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The business’s fifty day moving average price is $78.91 and its 200 day moving average price is $78.83. The stock has a market capitalization of $73.91 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 0.38 and a beta of 1.31. General Motors has a fifty-two week low of $49.87 and a fifty-two week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.39. The company had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. General Motors’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Analysts forecast that General Motors will post 12.88 earnings per share for the current year.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 215,391 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total value of $17,233,433.91. Following the sale, the chief executive officer owned 770,491 shares of the company’s stock, valued at $61,646,984.91. This trade represents a 21.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the sale, the executive vice president owned 46,519 shares in the company, valued at $3,862,007.38. The trade was a 63.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 697,388 shares of company stock valued at $57,752,596 in the last three months. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On General Motors

Large investors have recently modified their holdings of the company. Drive Wealth Management LLC increased its holdings in shares of General Motors by 7.7% in the 2nd quarter. Drive Wealth Management LLC now owns 5,231 shares of the auto manufacturer’s stock valued at $403,000 after acquiring an additional 373 shares during the last quarter. Southern Michigan Bank & Trust lifted its stake in General Motors by 33.0% during the second quarter. Southern Michigan Bank & Trust now owns 665 shares of the auto manufacturer’s stock worth $51,000 after purchasing an additional 165 shares during the last quarter. Wilkerson Advisory Group LLC boosted its holdings in General Motors by 25.5% in the second quarter. Wilkerson Advisory Group LLC now owns 797 shares of the auto manufacturer’s stock valued at $61,000 after purchasing an additional 162 shares in the last quarter. Leavell Investment Management Inc. purchased a new position in General Motors in the second quarter valued at approximately $291,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in General Motors by 7.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,855 shares of the auto manufacturer’s stock worth $760,000 after purchasing an additional 652 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors News Summary

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

About General Motors

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General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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Analyst Recommendations for General Motors (NYSE:GM)

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