General Motors Company (GM) Receives Consensus Rating of “Hold” from Brokerages
General Motors Company (NYSE:GM) (TSE:GMM.U) has earned an average rating of “Hold” from the twenty-eight ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.61.
A number of equities analysts recently issued reports on GM shares. Piper Jaffray Companies reissued a “buy” rating and issued a $44.00 price objective on shares of General Motors in a report on Tuesday, September 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $53.00 price target on shares of General Motors in a report on Monday, October 2nd. Vetr raised shares of General Motors from a “hold” rating to a “buy” rating and set a $43.99 price target on the stock in a report on Monday, November 6th. Berenberg Bank set a $31.00 price target on shares of General Motors and gave the company a “sell” rating in a report on Monday, August 14th. Finally, Standpoint Research downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Thursday, September 14th.
ILLEGAL ACTIVITY WARNING: This piece was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/12/general-motors-company-gm-receives-consensus-rating-of-hold-from-brokerages.html.
General Motors (NYSE GM) opened at $42.66 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. The stock has a market cap of $60,594.60, a P/E ratio of 6.89, a P/E/G ratio of 0.74 and a beta of 1.56. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.25. The company had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm’s revenue was down 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.72 earnings per share. analysts expect that General Motors will post 6.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.56%. The ex-dividend date is Thursday, December 7th. General Motors’s dividend payout ratio is presently 77.95%.
In other General Motors news, insider Alan S. Batey sold 8,144 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $35.57, for a total transaction of $289,682.08. Following the transaction, the insider now owns 66,748 shares in the company, valued at $2,374,226.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the transaction, the chief accounting officer now owns 66,838 shares in the company, valued at approximately $2,971,617.48. The disclosure for this sale can be found here. Insiders sold 979,266 shares of company stock worth $40,917,634 in the last 90 days. 0.04% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Intrust Bank NA increased its position in General Motors by 0.3% during the second quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock valued at $250,000 after acquiring an additional 25 shares during the last quarter. IFC Holdings Incorporated FL boosted its stake in shares of General Motors by 0.3% during the second quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock valued at $1,120,000 after purchasing an additional 88 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of General Motors by 1.8% during the second quarter. Rehmann Capital Advisory Group now owns 6,583 shares of the auto manufacturer’s stock valued at $230,000 after purchasing an additional 115 shares during the period. Alpha Windward LLC boosted its stake in shares of General Motors by 2.3% during the second quarter. Alpha Windward LLC now owns 5,542 shares of the auto manufacturer’s stock valued at $194,000 after purchasing an additional 125 shares during the period. Finally, Heritage Investors Management Corp boosted its stake in shares of General Motors by 0.3% during the second quarter. Heritage Investors Management Corp now owns 49,657 shares of the auto manufacturer’s stock valued at $1,735,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 74.65% of the company’s stock.
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.
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.