Headlines about General Motors (NYSE:GM) (TSE:GMM.U) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Motors earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the auto manufacturer an impact score of 45.0742039034425 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- General Motors (GM) Upgraded by BidaskClub to “Strong-Buy” (americanbankingnews.com)
- Exclusive: South Korea’s KDB, GM Korea may sign preliminary funding deal by April 27 (reuters.com)
- GM Cuts Hundreds of Jobs at Chevy Cruze Plant in Ohio (thedrive.com)
- Tesla, GM, Volkswagen score as China lifts auto ownership restrictions (wcnc.com)
- The Unappealing Story Under GM’s Hood (bloomberg.com)
A number of brokerages have commented on GM. Zacks Investment Research upgraded shares of General Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Barclays restated a “buy” rating and set a $61.00 price target on shares of General Motors in a research note on Tuesday, January 9th. Bank of America boosted their price target on shares of General Motors from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Vetr upgraded shares of General Motors from a “strong sell” rating to a “sell” rating and set a $40.24 price target for the company in a research note on Friday, January 26th. Finally, Nomura set a $45.00 price target on shares of General Motors and gave the company a “neutral” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $44.65.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The firm had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $34.28 billion. During the same period in the prior year, the firm posted $1.28 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. sell-side analysts predict that General Motors will post 6.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Thursday, March 8th. General Motors’s payout ratio is 22.96%.
In related news, CAO Thomas S. Timko sold 8,461 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $42.06, for a total value of $355,869.66. Following the transaction, the chief accounting officer now directly owns 33,519 shares in the company, valued at $1,409,809.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Charles K. Stevens III sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $40.88, for a total transaction of $1,430,800.00. Following the completion of the transaction, the chief financial officer now owns 26,052 shares in the company, valued at $1,065,005.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,244,405 shares of company stock worth $1,598,394,926. Insiders own 0.04% of the company’s stock.
General Motors Company Profile
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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