Morgan Stanley Raises General Motors (GM) Price Target to $44.00

General Motors (NYSE:GM) (TSE:GMM.U) had its target price boosted by Morgan Stanley from $43.00 to $44.00 in a research report report published on Wednesday morning. They currently have an equal weight rating on the auto manufacturer’s stock.

Other equities analysts also recently issued research reports about the company. Berenberg Bank set a $34.00 target price on General Motors and gave the company a sell rating in a research report on Wednesday, February 7th. Nomura set a $45.00 target price on General Motors and gave the company a neutral rating in a research report on Thursday, February 8th. Jefferies Group boosted their target price on General Motors from $36.00 to $40.00 and gave the company a hold rating in a research report on Monday, October 30th. Zacks Investment Research upgraded General Motors from a sell rating to a hold rating in a report on Tuesday, January 9th. Finally, Goldman Sachs Group cut General Motors from a neutral rating to a sell rating and dropped their price objective for the company from $43.16 to $32.00 in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. General Motors currently has a consensus rating of Hold and an average price target of $44.44.

General Motors (NYSE GM) traded down $0.76 during midday trading on Wednesday, hitting $41.09. The stock had a trading volume of 14,870,000 shares, compared to its average volume of 14,410,000. The company has a market cap of $58,360.00, a P/E ratio of 7.98, a P/E/G ratio of 0.80 and a beta of 1.59. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.31. The firm had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS. research analysts expect that General Motors will post 6.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s dividend payout ratio is 29.51%.

In other General Motors news, insider Mark L. Reuss sold 30,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 103,052 shares in the company, valued at approximately $4,440,510.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Barry L. Engle II sold 50,443 shares of the company’s stock in a transaction on Monday, December 4th. The stock was 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 owns 57,091 shares of the company’s stock, valued at $2,459,480.28. The disclosure for this sale can be found here. Insiders sold a total of 203,847 shares of company stock valued at $8,793,908 over the last quarter. Company insiders own 0.04% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Banco de Sabadell S.A acquired a new position in General Motors during the 4th quarter valued at about $1,036,000. Archford Capital Strategies LLC acquired a new position in General Motors during the 4th quarter valued at about $368,000. Lake Street Advisors Group LLC acquired a new position in General Motors during the 4th quarter valued at about $387,000. DF Dent & Co. Inc. acquired a new position in General Motors during the 4th quarter valued at about $358,000. Finally, MetLife Investment Advisors LLC acquired a new position in General Motors during the 4th quarter valued at about $16,213,000. 73.38% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for General Motors (NYSE:GM)

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