General Motors (GM) Earning Somewhat Positive News Coverage, Study Shows

Headlines about General Motors (NYSE:GM) (TSE:GMM.U) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 0.09 on Accern’s scale. Accern also gave media headlines about the auto manufacturer an impact score of 45.5703678324243 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern’s analysis:

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A number of brokerages recently issued reports on GM. Vetr cut General Motors from a “hold” rating to a “sell” rating and set a $40.25 target price on the stock. in a report on Tuesday, February 27th. Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and set a $45.00 target price on the stock in a report on Monday, April 9th. Goldman Sachs set a $33.00 target price on General Motors and gave the stock a “sell” rating in a report on Tuesday, February 6th. Royal Bank of Canada upgraded General Motors from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $51.00 to $52.00 in a report on Tuesday, December 19th. Finally, Barclays reiterated a “buy” rating and issued a $60.00 target price on shares of General Motors in a report on Sunday, January 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. General Motors currently has a consensus rating of “Buy” and a consensus target price of $44.65.

Shares of General Motors stock traded down $0.29 during trading hours on Wednesday, hitting $38.93. 6,094,544 shares of the company’s stock traded hands, compared to its average volume of 13,192,916. General Motors has a 12-month low of $31.92 and a 12-month high of $46.76. The firm has a market cap of $54,957.19, a PE ratio of 5.88, a P/E/G ratio of 0.75 and a beta of 1.63. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.31. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The firm had revenue of $34.48 billion during the quarter, compared to analyst estimates of $34.28 billion. During the same period last year, the firm posted $1.28 EPS. The business’s revenue was down 7.7% compared to the same quarter last year. equities analysts anticipate that General Motors will post 6.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, March 8th. General Motors’s dividend payout ratio is presently 22.96%.

In other news, EVP Mark L. Reuss sold 165,944 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $41.85, for a total transaction of $6,944,756.40. Following the completion of the sale, the executive vice president now directly owns 369,878 shares of the company’s stock, valued at approximately $15,479,394.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Charles K. Stevens III sold 35,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $40.88, for a total value of $1,430,800.00. Following the sale, the chief financial officer now directly owns 26,052 shares of the company’s stock, valued at $1,065,005.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,244,405 shares of company stock valued at $1,598,394,926. Insiders own 0.04% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for General Motors (NYSE:GM)

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