Somewhat Positive News Coverage Somewhat Unlikely to Impact General Motors (GM) Stock Price

Media stories about General Motors (NYSE:GM) (TSE:GMM.U) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Motors earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the auto manufacturer an impact score of 46.959553246669 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

GM has been the subject of a number of recent research reports. TheStreet upgraded General Motors from a “c+” rating to a “b” rating in a report on Friday, April 27th. Zacks Investment Research raised shares of General Motors from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday, February 14th. Bank of America increased their price objective on shares of General Motors from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Royal Bank of Canada set a $52.00 price objective on shares of General Motors and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Barclays reaffirmed a “buy” rating and issued a $60.00 price target on shares of General Motors in a research report on Sunday, January 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $45.43.

General Motors traded down $0.51, hitting $37.79, during mid-day trading on Friday, Marketbeat reports. The company’s stock had a trading volume of 5,576,296 shares, compared to its average volume of 9,058,934. General Motors has a 12 month low of $31.92 and a 12 month high of $46.76. The company has a market capitalization of $53.98 billion, a PE ratio of 5.71, a P/E/G ratio of 1.09 and a beta of 1.61. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Thursday, April 26th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.19. General Motors had a negative net margin of 3.76% and a positive return on equity of 23.03%. The firm had revenue of $36.10 billion for the quarter, compared to analysts’ expectations of $34.67 billion. During the same quarter in the previous year, the company earned $1.70 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. equities analysts expect that General Motors will post 6.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Thursday, June 7th. General Motors’s dividend payout ratio is currently 22.96%.

In other General Motors news, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $1,588,400,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Charles K. Stevens III sold 35,000 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $36.10, for a total transaction of $1,263,500.00. Following the completion of the sale, the insider now owns 67,741 shares in the company, valued at approximately $2,445,450.10. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.

About General Motors

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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