General Motors Co. (GM) Receives Average Rating of “Hold” from Analysts
General Motors Co. (NYSE:GM) (TSE:GMM.U) has received an average recommendation of “Hold” from the twenty-five analysts that are presently covering the stock. One analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $36.24.
Several equities analysts have recently commented on GM shares. Royal Bank Of Canada boosted their price objective on General Motors from $32.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday, July 22nd. Barclays PLC restated an “equal weight” rating and issued a $36.00 price objective on shares of General Motors in a research report on Thursday, August 11th. Seaport Global Securities started coverage on General Motors in a research report on Tuesday, August 9th. They issued a “buy” rating and a $42.00 price objective on the stock. Vetr downgraded General Motors from a “buy” rating to a “hold” rating and set a $32.84 price objective on the stock. in a research report on Monday, November 7th. Finally, Citigroup Inc. restated a “buy” rating and issued a $50.00 price objective on shares of General Motors in a research report on Thursday, July 21st.
Shares of General Motors (NYSE:GM) traded down 0.256% during trading on Thursday, reaching $33.145. The company’s stock had a trading volume of 6,534,468 shares. The company has a 50 day moving average of $31.99 and a 200 day moving average of $31.05. The company has a market cap of $50.52 billion, a PE ratio of 3.784 and a beta of 1.42. General Motors has a 12-month low of $26.69 and a 12-month high of $36.88.
General Motors (NYSE:GM) last released its earnings results on Tuesday, October 25th. The auto manufacturer reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.28. The company had revenue of $42.80 billion for the quarter, compared to the consensus estimate of $39.11 billion. General Motors had a return on equity of 23.22% and a net margin of 8.58%. General Motors’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. On average, analysts anticipate that General Motors will post $6.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.57%. The ex-dividend date is Monday, December 5th. General Motors’s dividend payout ratio is currently 17.41%.
In other news, VP Thomas S. Timko sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $31.94, for a total transaction of $199,625.00. Following the sale, the vice president now directly owns 27,477 shares in the company, valued at approximately $877,615.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in General Motors by 0.4% in the second quarter. Vanguard Group Inc. now owns 86,210,502 shares of the auto manufacturer’s stock worth $2,439,758,000 after buying an additional 332,564 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of General Motors by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 37,273,340 shares of the auto manufacturer’s stock worth $1,184,174,000 after buying an additional 101,905 shares in the last quarter. Capital World Investors raised its position in shares of General Motors by 2.3% in the second quarter. Capital World Investors now owns 22,673,792 shares of the auto manufacturer’s stock worth $641,668,000 after buying an additional 505,600 shares in the last quarter. Janus Capital Management LLC raised its position in shares of General Motors by 38.3% in the second quarter. Janus Capital Management LLC now owns 21,555,499 shares of the auto manufacturer’s stock worth $610,020,000 after buying an additional 5,969,449 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of General Motors by 4.2% in the third quarter. BlackRock Fund Advisors now owns 17,186,243 shares of the auto manufacturer’s stock worth $546,007,000 after buying an additional 692,531 shares in the last quarter. Hedge funds and other institutional investors own 71.81% of the company’s stock.
About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.
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