General Motors (NYSE:GM) Receives Average Rating of “Buy” from Analysts

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General Motors (NYSE:GM) (TSE:GMM.U) has been assigned an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $47.33.

A number of research analysts have weighed in on GM shares. Evercore ISI set a $50.00 price objective on shares of General Motors and gave the stock a “buy” rating in a research report on Wednesday, August 7th. UBS Group upped their price target on shares of General Motors from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Credit Suisse Group initiated coverage on shares of General Motors in a research report on Wednesday, June 26th. They set an “outperform” rating and a $48.00 price target for the company. Morgan Stanley set a $46.00 price target on shares of General Motors and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada upped their price target on shares of General Motors to $52.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. They noted that the move was a valuation call.

In other General Motors news, President Mark L. Reuss sold 275,944 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $40.03, for a total value of $11,046,038.32. Following the completion of the sale, the president now owns 479,413 shares in the company, valued at approximately $19,190,902.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Matthew Tsien sold 16,933 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $39.50, for a total transaction of $668,853.50. Following the completion of the sale, the executive vice president now owns 18,533 shares of the company’s stock, valued at approximately $732,053.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 375,944 shares of company stock valued at $14,996,038. Insiders own 0.51% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in GM. Next Capital Management LLC purchased a new stake in shares of General Motors in the 2nd quarter valued at approximately $25,000. Trust Co. of Vermont grew its stake in shares of General Motors by 101.2% in the 2nd quarter. Trust Co. of Vermont now owns 666 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 335 shares during the period. Advisors Preferred LLC purchased a new stake in shares of General Motors in the 2nd quarter valued at approximately $26,000. Webster Bank N. A. grew its stake in shares of General Motors by 253.5% in the 2nd quarter. Webster Bank N. A. now owns 700 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 502 shares during the period. Finally, Pathstone Family Office LLC grew its stake in shares of General Motors by 90.9% in the 2nd quarter. Pathstone Family Office LLC now owns 733 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 349 shares during the period. Institutional investors own 76.79% of the company’s stock.

Shares of General Motors stock opened at $35.57 on Friday. The firm has a 50-day simple moving average of $37.00 and a two-hundred day simple moving average of $37.74. The company has a market cap of $50.78 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 0.47 and a beta of 1.40. General Motors has a fifty-two week low of $30.56 and a fifty-two week high of $41.90. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.83 and a current ratio of 0.96.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Thursday, August 1st. The auto manufacturer reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.21. The business had revenue of $36.06 billion during the quarter, compared to the consensus estimate of $36.03 billion. General Motors had a net margin of 6.31% and a return on equity of 21.08%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Equities research analysts forecast that General Motors will post 6.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.52 annualized dividend and a dividend yield of 4.27%. General Motors’s dividend payout ratio (DPR) is presently 23.24%.

About General Motors

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Analyst Recommendations for General Motors (NYSE:GM)

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