Shares of General Motors (NYSE:GM) (TSE:GMM.U) have been assigned an average recommendation of “Buy” from the eighteen ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $48.29.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Seaport Global Securities assumed coverage on shares of General Motors in a research report on Wednesday, February 13th. They set a “buy” rating for the company. Citigroup boosted their target price on shares of General Motors to $67.00 and gave the company a “buy” rating in a research report on Friday, February 8th. Royal Bank of Canada boosted their target price on shares of General Motors from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, February 7th. Finally, Nomura set a $42.00 target price on shares of General Motors and gave the company a “hold” rating in a research report on Thursday, May 2nd.
In other news, CFO Dhivya Suryadevara sold 34,756 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $37.40, for a total transaction of $1,299,874.40. Following the completion of the sale, the chief financial officer now owns 10,741 shares of the company’s stock, valued at $401,713.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Wesley G. Bush bought 10,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of $38.58 per share, with a total value of $385,800.00. The disclosure for this purchase can be found here. Corporate insiders own 0.51% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Econ Financial Services Corp grew its stake in General Motors by 3.3% during the 1st quarter. Econ Financial Services Corp now owns 8,164 shares of the auto manufacturer’s stock valued at $303,000 after acquiring an additional 264 shares in the last quarter. Squar Milner Financial Services LLC grew its stake in General Motors by 4.5% during the 1st quarter. Squar Milner Financial Services LLC now owns 6,412 shares of the auto manufacturer’s stock valued at $237,000 after acquiring an additional 275 shares in the last quarter. Cedar Brook Financial Partners LLC grew its stake in General Motors by 4.2% during the 1st quarter. Cedar Brook Financial Partners LLC now owns 6,827 shares of the auto manufacturer’s stock valued at $253,000 after acquiring an additional 276 shares in the last quarter. Zions Bancorporation N.A. grew its stake in General Motors by 11.1% during the 1st quarter. Zions Bancorporation N.A. now owns 2,906 shares of the auto manufacturer’s stock valued at $108,000 after acquiring an additional 290 shares in the last quarter. Finally, BerganKDV Wealth Management LLC grew its stake in General Motors by 21.0% during the 4th quarter. BerganKDV Wealth Management LLC now owns 1,726 shares of the auto manufacturer’s stock valued at $58,000 after acquiring an additional 300 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.
NYSE GM traded up $0.16 on Thursday, reaching $37.13. 8,153,119 shares of the company’s stock traded hands, compared to its average volume of 9,351,907. The company has a market capitalization of $52.66 billion, a PE ratio of 5.68, a P/E/G ratio of 0.63 and a beta of 1.27. General Motors has a fifty-two week low of $30.56 and a fifty-two week high of $45.00. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.81.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, April 30th. The auto manufacturer reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.32. The company had revenue of $34.88 billion during the quarter, compared to the consensus estimate of $35.56 billion. General Motors had a net margin of 6.26% and a return on equity of 22.67%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. Research analysts expect that General Motors will post 6.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.38 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.09%. General Motors’s dividend payout ratio (DPR) is currently 23.24%.
About General Motors
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.
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