Shares of General Motors (NYSE:GM) (TSE:GMM.U) have received an average rating of “Buy” from the twenty-eight research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, twelve have given a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $44.46.
Several brokerages have weighed in on GM. Morgan Stanley reissued an “equal weight” rating and set a $45.00 price objective (up from $44.00) on shares of General Motors in a research note on Wednesday, March 14th. BMO Capital Markets reissued a “hold” rating and set a $42.00 price objective on shares of General Motors in a research note on Tuesday, March 6th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $55.00 price objective (down from $56.00) on shares of General Motors in a research note on Tuesday, March 13th. Berenberg Bank set a $34.00 price objective on General Motors and gave the stock a “sell” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada set a $52.00 price objective on General Motors and gave the stock a “buy” rating in a research note on Tuesday, February 6th.
Shares of General Motors (NYSE:GM) traded down $1.23 during midday trading on Friday, reaching $36.35. The company’s stock had a trading volume of 13,113,457 shares, compared to its average volume of 13,600,837. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76. The company has a market capitalization of $51,758.25, a PE ratio of -12.58, a P/E/G ratio of 0.71 and a beta of 1.60.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. equities analysts predict that General Motors will post 6.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 annualized dividend and a yield of 4.18%. General Motors’s dividend payout ratio (DPR) is currently -52.59%.
In related news, insider Mark L. Reuss sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $43.09, for a total value of $1,292,700.00. Following the transaction, the insider now owns 103,052 shares of the company’s stock, valued at $4,440,510.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas S. Timko sold 8,461 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $42.06, for a total value of $355,869.66. Following the completion of the transaction, the chief accounting officer now directly owns 33,519 shares in the company, valued at approximately $1,409,809.14. The disclosure for this sale can be found here. In the last three months, insiders sold 40,289,848 shares of company stock worth $1,600,694,061. 0.04% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Icon Wealth Partners LLC purchased a new stake in General Motors during the fourth quarter worth $106,000. Fieldpoint Private Securities LLC purchased a new stake in General Motors during the third quarter worth $119,000. Cerebellum GP LLC purchased a new stake in General Motors during the fourth quarter worth $123,000. Independence Bank of Kentucky purchased a new stake in General Motors during the fourth quarter worth $129,000. Finally, Stumpf Capital Management LLC purchased a new stake in General Motors during the fourth quarter worth $131,000. 73.54% of the stock is currently owned by institutional investors.
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General Motors Company Profile
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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