General Motors (NYSE:GM) Stock Rating Lowered by Wall Street Zen

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

GM has been the subject of a number of other reports. UBS Group upped their price objective on shares of General Motors from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Citigroup increased their price target on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Benchmark restated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Royal Bank Of Canada upped their target price on General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research upgraded General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.76.

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General Motors Stock Performance

Shares of NYSE:GM opened at $83.13 on Friday. The business’s 50-day simple moving average is $75.28 and its 200 day simple moving average is $62.91. The company has a market cap of $77.55 billion, a P/E ratio of 16.73, a PEG ratio of 0.65 and a beta of 1.31. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors has a one year low of $41.60 and a one year high of $83.68.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. General Motors’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the company earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, sell-side analysts forecast that General Motors will post 11.44 earnings per share for the current fiscal year.

Insider Transactions at General Motors

In other news, CAO Christopher Hatto sold 15,697 shares of General Motors stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,098,790.00. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $840,490. The trade was a 56.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the sale, the president directly owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 284,021 shares of company stock worth $18,971,788. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

A number of hedge funds have recently made changes to their positions in GM. Tiemann Investment Advisors LLC increased its position in General Motors by 3.1% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock valued at $308,000 after acquiring an additional 150 shares during the period. Hemington Wealth Management increased its holdings in shares of General Motors by 14.5% during the third quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock valued at $74,000 after purchasing an additional 154 shares during the period. Fielder Capital Group LLC increased its holdings in shares of General Motors by 3.3% during the third quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock valued at $313,000 after purchasing an additional 163 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of General Motors by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock valued at $318,000 after purchasing an additional 171 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after purchasing an additional 195 shares during the period. Institutional investors own 92.67% of the company’s stock.

Key Stores Impacting General Motors

Here are the key news stories impacting General Motors this week:

General Motors Company Profile

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General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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Analyst Recommendations for General Motors (NYSE:GM)

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