General Motors Company (GM) Earns Buy Rating from Deutsche Bank AG
General Motors Company (NYSE:GM) (TSE:GMM.U)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a research note issued to investors on Monday. They currently have a $51.00 price target on the auto manufacturer’s stock. Deutsche Bank AG’s target price suggests a potential upside of 21.00% from the stock’s current price.
Several other equities research analysts also recently commented on the company. Citigroup Inc. restated a “buy” rating and set a $53.00 price objective on shares of General Motors in a report on Monday. Wolfe Research began coverage on General Motors in a research report on Tuesday, June 13th. They set a “market perform” rating and a $33.00 target price on the stock. BidaskClub cut General Motors from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Morgan Stanley assumed coverage on General Motors in a report on Wednesday, June 28th. They issued an “overweight” rating and a $40.00 target price on the stock. Finally, Vetr raised shares of General Motors from a “hold” rating to a “buy” rating and set a $37.42 price target for the company in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $39.76.
General Motors (NYSE:GM) traded up 4.38% during midday trading on Monday, hitting $42.15. The company had a trading volume of 33,788,293 shares. General Motors has a one year low of $30.21 and a one year high of $42.48. The company has a market cap of $61.42 billion, a P/E ratio of 7.33 and a beta of 1.44. The company’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 posted its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 EPS. On average, equities analysts predict that General Motors will post $6.13 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/02/general-motors-company-gm-earns-buy-rating-from-deutsche-bank-ag.html.
In other General Motors news, President Daniel Ammann sold 40,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $40.19, for a total transaction of $1,607,600.00. Following the sale, the president now directly owns 145,953 shares of the company’s stock, valued at $5,865,851.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alan S. Batey sold 234,274 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $38.04, for a total transaction of $8,911,782.96. Following the sale, the insider now directly owns 67,548 shares in the company, valued at $2,569,525.92. The disclosure for this sale can be found here. Insiders sold 639,947 shares of company stock valued at $23,485,128 over the last three months. Company insiders own 0.04% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of GM. W. E. Donoghue & Co. LLC bought a new stake in shares of General Motors in the second quarter valued at approximately $16,341,000. Intl Fcstone Inc. purchased a new stake in shares of General Motors during the 2nd quarter valued at approximately $259,000. Paradigm Financial Advisors LLC lifted its stake in shares of General Motors by 11.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 7,462 shares of the auto manufacturer’s stock valued at $261,000 after buying an additional 755 shares in the last quarter. WFG Advisors LP lifted its stake in shares of General Motors by 1,275.5% during the 2nd quarter. WFG Advisors LP now owns 11,884 shares of the auto manufacturer’s stock valued at $415,000 after buying an additional 11,020 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of General Motors by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 17,425 shares of the auto manufacturer’s stock valued at $602,000 after buying an additional 1,176 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company’s stock.
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.
Receive News & Stock Ratings for General Motors Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors Company and related stocks with our FREE daily email newsletter.