News articles about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. General Motors earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the auto manufacturer an impact score of 44.6872937091459 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- UPDATE 1-GM’s new Chevy Silverado bids for more U.S. pickup profits (feeds.reuters.com)
- Redesigned Chevy Silverado pickup loses weight, gains size (marketbeat.com)
- GM says car with no steering wheel or pedals ready for streets in 2019 (scpr.org)
- GM Driverless Car That Doesn’t Have a Steering Wheel Is Coming, Soon (finance.yahoo.com)
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of General Motors from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Jefferies Group lifted their price target on shares of General Motors from $36.00 to $40.00 and gave the company a “hold” rating in a report on Monday, October 30th. Citigroup restated a “buy” rating and issued a $53.00 target price on shares of General Motors in a report on Monday, October 2nd. Goldman Sachs Group downgraded shares of General Motors from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $43.16 to $32.00 in a report on Monday, October 30th. Finally, Guggenheim upgraded shares of General Motors from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. General Motors has a consensus rating of “Hold” and an average price target of $44.29.
Shares of General Motors (NYSE GM) opened at $44.07 on Friday. The stock has a market cap of $62,597.38, a PE ratio of 22.60, a price-to-earnings-growth ratio of 0.81 and a beta of 1.55. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.94 and a quick ratio of 0.79. 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 quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion during the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.72 EPS. equities research analysts anticipate that General Motors will post 6.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, December 8th were given a $0.38 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 3.45%. General Motors’s dividend payout ratio (DPR) is 77.95%.
In other news, CFO Charles K. Stevens III sold 265,458 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $44.49, for a total value of $11,810,226.42. Following the completion of the sale, the chief financial officer now owns 326,510 shares of the company’s stock, valued at approximately $14,526,429.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas S. Timko sold 44,791 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the completion of the sale, the chief accounting officer now directly owns 66,838 shares of the company’s stock, valued at approximately $2,971,617.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 552,298 shares of company stock valued at $24,408,137. 0.04% of the stock is owned by corporate insiders.
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.
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