General Motors (GM) Receiving Somewhat Positive News Coverage, Analysis Finds
News stories about General Motors (NYSE:GM) (TSE:GMM.U) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Motors earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave headlines about the auto manufacturer an impact score of 44.793859743647 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Pablo and Juan de Dios Larrain’s Fabula Sets Up U.S. Company (Exclusive) (imdb.com)
- Chevrolet Corvette ZR1 will get an automatic transmission option (finance.yahoo.com)
- GM Production Cut Puts 1,000 Jobs at Risk (finance.yahoo.com)
- Black Women to Benefit from General Motors Company. (yourblackworld.net)
- Braaap motorcycle company founder Brad Smith and GM Toby Wilkin are expected to appear in a Sydney court today (themercury.com.au)
A number of brokerages recently commented on GM. Morgan Stanley reiterated an “overweight” rating and issued a $43.00 price target (up previously from $40.00) on shares of General Motors in a research note on Thursday. Standpoint Research lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price target on shares of General Motors in a research note on Tuesday, September 12th. Buckingham Research reiterated a “neutral” rating and issued a $33.00 price target on shares of General Motors in a research note on Friday, September 8th. Finally, BidaskClub upgraded shares of General Motors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $38.59.
Shares of General Motors (NYSE:GM) opened at 39.42 on Monday. The company has a market cap of $57.44 billion, a P/E ratio of 6.85 and a beta of 1.44. General Motors has a one year low of $30.21 and a one year high of $39.54. The stock’s 50 day moving average is $36.19 and its 200-day moving average is $35.09.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. General Motors had a net margin of 5.38% and a return on equity of 22.45%. General Motors’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.86 earnings per share. Equities research analysts forecast that General Motors will post $6.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. General Motors’s dividend payout ratio is presently 26.48%.
In other General Motors news, President Daniel Ammann sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $38.00, for a total value of $1,900,000.00. Following the completion of the transaction, the president now owns 185,953 shares of the company’s stock, valued at approximately $7,066,214. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Alan S. Batey sold 234,274 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $38.04, for a total transaction of $8,911,782.96. Following the completion of the transaction, the insider now directly owns 67,548 shares of the company’s stock, valued at approximately $2,569,525.92. The disclosure for this sale can be found here. In the last three months, insiders sold 614,947 shares of company stock valued at $22,402,528. Corporate insiders own 0.04% of the company’s stock.
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General Motors Company Profile
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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