Weekly Investment Analysts’ Ratings Updates for General Motors (GM)

Several brokerages have updated their recommendations and price targets on shares of General Motors (NYSE: GM) in the last few weeks:

• 4/26/2024 – General Motors had its price target raised by analysts at Barclays PLC from $55.00 to $60.00. They now have an “overweight” rating on the stock.
• 4/25/2024 – General Motors is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $55.00 price target on the stock.
• 4/25/2024 – General Motors was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/24/2024 – General Motors had its price target raised by analysts at Wells Fargo & Company from $28.00 to $30.00. They now have an “underweight” rating on the stock.
• 4/24/2024 – General Motors had its price target raised by analysts at Wedbush from $45.00 to $55.00. They now have an “outperform” rating on the stock.
• 4/24/2024 – General Motors had its price target raised by analysts at Piper Sandler from $44.00 to $45.00. They now have a “neutral” rating on the stock.
• 4/24/2024 – General Motors had its price target raised by analysts at Citigroup Inc. from $95.00 to $96.00. They now have a “buy” rating on the stock.
• 4/24/2024 – General Motors had its price target raised by analysts at UBS Group AG from $56.00 to $58.00. They now have a “buy” rating on the stock.
• 4/24/2024 – General Motors had its price target raised by analysts at Mizuho from $48.00 to $52.00. They now have a “buy” rating on the stock.
• 4/23/2024 – General Motors had its price target raised by analysts at Royal Bank of Canada from $54.00 to $56.00. They now have an “overweight” rating on the stock.
• 4/23/2024 – General Motors had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $44.00 to $50.00. They now have a “hold” rating on the stock.
• 4/11/2024 – General Motors had its price target raised by analysts at Barclays PLC from $50.00 to $55.00. They now have an “overweight” rating on the stock.
• 4/10/2024 – General Motors had its price target raised by analysts at Morgan Stanley from $43.00 to $46.00. They now have an “overweight” rating on the stock.
• 3/25/2024 – General Motors had its price target raised by analysts at Mizuho from $44.00 to $48.00. They now have a “buy” rating on the stock.
• 3/19/2024 – General Motors was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
• 3/15/2024 – General Motors is now covered by analysts at Piper Sandler. They set a “neutral” rating and a $44.00 price target on the stock.

General Motors Stock Performance

GM stock traded down $1.51 on Tuesday, hitting $44.53. The company had a trading volume of 15,798,370 shares, compared to its average volume of 17,355,357. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. General Motors has a 12-month low of $26.30 and a 12-month high of $46.17. The stock has a market cap of $50.81 billion, a price-to-earnings ratio of 5.44, a P/E/G ratio of 0.54 and a beta of 1.51. The stock’s 50-day simple moving average is $42.42 and its 200 day simple moving average is $36.47.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. During the same period last year, the firm earned $2.21 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities research analysts expect that General Motors will post 9.45 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.08%. General Motors’s payout ratio is 5.87%.

Insider Activity at General Motors

In related news, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the sale, the executive vice president now owns 71,506 shares in the company, valued at $3,236,361.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the sale, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 15,510 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at $860,710.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of General Motors

Several hedge funds and other institutional investors have recently bought and sold shares of GM. Brookstone Capital Management lifted its position in shares of General Motors by 27.7% during the third quarter. Brookstone Capital Management now owns 139,318 shares of the auto manufacturer’s stock worth $4,593,000 after purchasing an additional 30,247 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in General Motors by 0.9% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 233,689 shares of the auto manufacturer’s stock worth $7,705,000 after purchasing an additional 2,100 shares during the period. Vicus Capital raised its position in shares of General Motors by 20.3% during the 3rd quarter. Vicus Capital now owns 12,765 shares of the auto manufacturer’s stock valued at $421,000 after buying an additional 2,156 shares during the period. SVB Wealth LLC grew its position in General Motors by 2.3% in the third quarter. SVB Wealth LLC now owns 65,614 shares of the auto manufacturer’s stock worth $2,163,000 after acquiring an additional 1,500 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in General Motors during the third quarter worth $666,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

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