Somewhat Favorable Media Coverage Somewhat Unlikely to Affect General Motors (GM) Stock Price
News coverage about General Motors (NYSE:GM) (TSE:GMM.U) has been trending somewhat positive on Saturday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. General Motors earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the auto manufacturer an impact score of 45.2622738441079 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Investors Purchase High Volume of Call Options on General Motors (GM) (americanbankingnews.com)
- Shell of Old GM Surfaces in Court Fight Over Ignition Flaw – Tampabay.com (tampabay.com)
- General Motors thwarts plaintiffs’ $1 billion accord with old GM trust – The Columbian (columbian.com)
- Increases Stake in General Motors Company (GM) (famososartistas.com)
- General Motors Company (GM) Given a $31.00 Price Target at Berenberg Bank (fishinghd.com)
GM has been the subject of several analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $37.00 price target on shares of General Motors in a report on Friday, July 14th. Zacks Investment Research upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Wednesday, June 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of General Motors in a research note on Tuesday, June 13th. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price objective on shares of General Motors in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.26.
General Motors (NYSE:GM) traded down 0.49% during trading on Friday, reaching $34.83. 7,193,463 shares of the company’s stock were exchanged. The stock has a market cap of $50.75 billion, a PE ratio of 6.06 and a beta of 1.45. The firm has a 50 day moving average of $35.49 and a 200-day moving average of $35.08. General Motors has a 12 month low of $30.13 and a 12 month high of $38.55. General Motors also saw some unusual options trading on Wednesday. Traders purchased 13,561 call options on the company. This represents an increase of approximately 162% compared to the typical volume of 5,175 call options.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The company had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. During the same quarter in the previous year, the business earned $1.86 EPS. General Motors’s revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that General Motors will post $6.13 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, September 7th. General Motors’s payout ratio is currently 26.48%.
In other General Motors news, VP Thomas S. Timko sold 17,255 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $35.79, for a total value of $617,556.45. Following the completion of the sale, the vice president now directly owns 26,100 shares in the company, valued at approximately $934,119. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alan S. Batey sold 8,144 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $35.57, for a total value of $289,682.08. Following the completion of the sale, the insider now owns 66,748 shares of the company’s stock, valued at $2,374,226.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 377,145 shares of company stock valued at $13,116,886. 0.04% of the stock is owned by company insiders.
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About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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