General Motors (GM) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of General Motors (NYSE: GM) in the last few weeks:

  • 3/14/2018 – General Motors had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $45.00 price target on the stock, up previously from $44.00.
  • 3/13/2018 – General Motors had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $55.00 price target on the stock, down previously from $56.00.
  • 3/6/2018 – General Motors had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $42.00 price target on the stock.
  • 3/1/2018 – General Motors was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating. They now have a $42.79 price target on the stock.
  • 2/27/2018 – General Motors was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $40.25 price target on the stock.
  • 2/19/2018 – General Motors was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $40.25 price target on the stock.
  • 2/14/2018 – General Motors had its price target raised by analysts at Morgan Stanley from $43.00 to $44.00. They now have an “equal weight” rating on the stock.
  • 2/14/2018 – General Motors was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “General Motors reported fourth-quarter 2017 adjusted earnings per share of $1.65, beating the Zacks Consensus Estimate of $1.34.During the quarter, revenues also surpassed the the Zacks Consensus Estimate.For any fourth quarter, adjusted EBIT set a record. This was aided by sales of crossovers, strong pricing and cost-control initiatives, which were partly offset by a wholesale volume decline. Also, the company outperformed the industry it belongs to over the last six months. The company’s capital allocation strategy, initiatives to make its vehicles more advanced, safer and fuel efficient and focus on technology development are likely to benefit. Its restructuring activities are also expected to benefit in the long run. Also, the company is raising investment in emerging markets to boost global sales. Howrver, weak used car pricing, a challenging pricing environment as well as more pressure on commodity costs are headwinds before it.”
  • 2/12/2018 – General Motors was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $40.24 price target on the stock.
  • 2/8/2018 – General Motors was given a new $45.00 price target on by analysts at Nomura. They now have a “neutral” rating on the stock.
  • 2/7/2018 – General Motors was given a new $34.00 price target on by analysts at Berenberg Bank. They now have a “sell” rating on the stock.
  • 2/7/2018 – General Motors had its price target raised by analysts at Bank of America Corp from $57.00 to $60.00. They now have a “buy” rating on the stock.
  • 2/6/2018 – General Motors was given a new $33.00 price target on by analysts at Goldman Sachs. They now have a “sell” rating on the stock.
  • 2/6/2018 – General Motors was given a new $52.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 2/5/2018 – General Motors was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $40.24 price target on the stock.
  • 1/26/2018 – General Motors was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $40.24 price target on the stock.
  • 1/21/2018 – General Motors had its “buy” rating reaffirmed by analysts at Barclays. They now have a $60.00 price target on the stock.

General Motors stock traded down $1.03 during midday trading on Monday, reaching $36.91. 8,426,120 shares of the company’s stock traded hands, compared to its average volume of 13,669,859. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76. The stock has a market capitalization of $53,231.45, a price-to-earnings ratio of -12.77, a price-to-earnings-growth ratio of 0.73 and a beta of 1.60. General Motors has a 52 week low of $31.92 and a 52 week high of $46.76.

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General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping the consensus estimate of $1.34 by $0.31. The company had revenue of $34.48 billion during the quarter, compared to analyst estimates of $34.28 billion. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. General Motors’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. research analysts anticipate that General Motors will post 6.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, March 8th. General Motors’s dividend payout ratio is currently -52.59%.

In other news, CAO Thomas S. Timko sold 8,461 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $42.06, for a total transaction of $355,869.66. Following the completion of the sale, the chief accounting officer now directly owns 33,519 shares of the company’s stock, valued at $1,409,809.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark L. Reuss sold 30,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the sale, the insider now directly owns 103,052 shares of the company’s stock, valued at $4,440,510.68. The disclosure for this sale can be found here. Insiders have sold 40,289,848 shares of company stock valued at $1,600,694,061 over the last three months. Insiders own 0.04% of the company’s stock.

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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