General Motors Co. (GM) Upgraded at Vetr Inc.
General Motors Co. (NYSE:GM) (TSE:GMM.U) was upgraded by Vetr from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday. The firm presently has a $33.71 price target on the auto manufacturer’s stock. Vetr‘s price target points to a potential downside of 0.44% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Seaport Global Securities started coverage on shares of General Motors in a research note on Tuesday, August 9th. They set a “buy” rating and a $42.00 price target for the company. Citigroup Inc. restated a “buy” rating and set a $50.00 price target on shares of General Motors in a research note on Thursday, September 22nd. Barclays PLC restated an “equal weight” rating and set a $66.00 price target on shares of General Motors in a research note on Friday, September 23rd. Craig Hallum lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Finally, Jefferies Group reiterated a “hold” rating on shares of General Motors in a research note on Friday, September 2nd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.06.
Shares of General Motors (NYSE:GM) traded up 0.15% during midday trading on Thursday, hitting $33.86. The stock had a trading volume of 8,710,143 shares. General Motors has a 52 week low of $26.69 and a 52 week high of $36.88. The stock has a 50-day moving average of $32.20 and a 200 day moving average of $31.14. The stock has a market cap of $51.61 billion, a PE ratio of 3.87 and a beta of 1.42.
General Motors (NYSE:GM) last announced its quarterly earnings results on Tuesday, October 25th. The auto manufacturer reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.28. The firm earned $42.80 billion during the quarter, compared to analysts’ expectations of $39.11 billion. General Motors had a net margin of 8.58% and a return on equity of 23.22%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 earnings per share. Analysts anticipate that General Motors will post $6.01 EPS for the current fiscal year.
The firm 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. The ex-dividend date of this dividend is Monday, December 5th. This represents a $1.52 annualized dividend and a yield of 4.49%. General Motors’s dividend payout ratio (DPR) is presently 17.41%.
A number of large investors have recently modified their holdings of the company. TLP Group LLC acquired a new stake in shares of General Motors during the third quarter valued at approximately $125,000. Itau Unibanco Holding S.A. acquired a new stake in shares of General Motors during the third quarter valued at approximately $135,000. Global X Management Co. LLC boosted its stake in shares of General Motors by 313.7% in the third quarter. Global X Management Co. LLC now owns 4,257 shares of the auto manufacturer’s stock valued at $135,000 after buying an additional 3,228 shares during the period. AllSquare Wealth Management LLC boosted its stake in shares of General Motors by 16.5% in the second quarter. AllSquare Wealth Management LLC now owns 4,600 shares of the auto manufacturer’s stock valued at $130,000 after buying an additional 650 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in shares of General Motors by 809.5% in the second quarter. North Star Investment Management Corp. now owns 4,602 shares of the auto manufacturer’s stock valued at $130,000 after buying an additional 4,096 shares during the period. 71.41% of the stock is currently owned by hedge funds and other institutional investors.
General Motors Company Profile
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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