General Motors (GM) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of General Motors (NYSE:GM) (TSE:GMM.U) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

According to Zacks, “General Motors outperformed the industry it belongs to over the last six months. The company’s capital allocation strategy, initiatives to make its vehicles more advanced, safer and fuel efficient and focus on technology development are likely to benefit. Moreover, the company's focus on capital deployment is expected to boost shareholder returns. Its restructuring activities are also expected to benefit in the long run. Also, the company is raising investment in emerging markets to boost global sales. It is trying to take advantage of emerging markets growth via product launches and joint ventures.”

A number of other analysts have also recently commented on the company. Barclays reiterated a buy rating and set a $61.00 target price on shares of General Motors in a research report on Tuesday. Vetr cut General Motors from a hold rating to a sell rating and set a $40.10 target price on the stock. in a research report on Monday, January 1st. Evercore ISI lifted their target price on General Motors from $40.00 to $41.38 in a research report on Friday, December 29th. Royal Bank of Canada upgraded General Motors from a sector perform rating to an outperform rating and lifted their target price for the stock from $51.00 to $52.00 in a research report on Tuesday, December 19th. Finally, Cascend Securities cut General Motors to a buy rating in a research report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. General Motors has an average rating of Hold and a consensus price target of $44.29.

General Motors (NYSE:GM) traded down $0.12 on Tuesday, hitting $44.07. The stock had a trading volume of 14,911,914 shares, compared to its average volume of 12,800,000. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79. General Motors has a twelve month low of $31.92 and a twelve month high of $46.76. The firm has a market capitalization of $62,600.00, a PE ratio of 9.54, a P/E/G ratio of 0.82 and a beta of 1.55.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The business’s revenue was down 16.6% compared to the same quarter last year. equities research analysts forecast that General Motors will post 6.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Thursday, December 7th. General Motors’s dividend payout ratio is currently 32.90%.

In other General Motors news, insider Mark L. Reuss sold 30,000 shares of General Motors stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $43.09, for a total value of $1,292,700.00. Following the sale, the insider now owns 103,052 shares of the company’s stock, valued at approximately $4,440,510.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $43.08, for a total value of $2,173,084.44. Following the completion of the sale, the insider now directly owns 57,091 shares in the company, valued at approximately $2,459,480.28. The disclosure for this sale can be found here. Insiders sold a total of 552,298 shares of company stock worth $24,408,137 in the last ninety days. 0.04% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC boosted its holdings in General Motors by 43.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock valued at $101,000 after purchasing an additional 860 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in General Motors in the 3rd quarter valued at approximately $119,000. Ropes Wealth Advisors LLC boosted its stake in shares of General Motors by 240.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after acquiring an additional 3,248 shares in the last quarter. Fayez Sarofim & Co. purchased a new stake in shares of General Motors during the 3rd quarter worth approximately $202,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of General Motors during the 3rd quarter worth approximately $203,000. 73.01% of the stock is currently owned by institutional investors.

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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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