General Motors (GM) Rating Lowered to Hold at ValuEngine

General Motors (NYSE:GM) (TSE:GMM.U) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $55.00 price target (down from $56.00) on shares of General Motors in a research note on Tuesday, March 13th. Morgan Stanley reissued an “equal weight” rating and issued a $45.00 price objective (up previously from $44.00) on shares of General Motors in a research report on Wednesday, March 14th. Piper Jaffray Companies set a $57.00 price objective on shares of General Motors and gave the company an “overweight” rating in a research report on Tuesday, May 15th. TheStreet downgraded shares of General Motors from a “b” rating to a “c+” rating in a research report on Tuesday, March 27th. Finally, Evercore ISI raised shares of General Motors from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $47.00 to $50.00 in a research report on Thursday, May 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.21.

Shares of GM stock opened at $41.25 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.96. General Motors has a 1 year low of $33.96 and a 1 year high of $46.76. The firm has a market capitalization of $59.13 billion, a price-to-earnings ratio of 6.23, a price-to-earnings-growth ratio of 1.19 and a beta of 1.63.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Thursday, April 26th. The auto manufacturer reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $34.67 billion. During the same period in the previous year, the business earned $1.70 EPS. The company’s revenue was down 12.4% compared to the same quarter last year. research analysts expect that General Motors will post 6.4 EPS for the current year.

In related news, insider Charles K. Stevens III sold 35,000 shares of General Motors stock in a transaction dated Monday, April 2nd. The shares were 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 of the company’s stock, valued at approximately $2,445,450.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alan S. Batey sold 215,685 shares of General Motors stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $43.01, for a total transaction of $9,276,611.85. Following the sale, the executive vice president now directly owns 84,594 shares of the company’s stock, valued at approximately $3,638,387.94. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BKD Wealth Advisors LLC boosted its holdings in General Motors by 1.9% in the 1st quarter. BKD Wealth Advisors LLC now owns 78,623 shares of the auto manufacturer’s stock valued at $2,857,000 after purchasing an additional 1,445 shares during the period. Wayne Hummer Investments L.L.C. boosted its holdings in General Motors by 4.3% in the 1st quarter. Wayne Hummer Investments L.L.C. now owns 36,652 shares of the auto manufacturer’s stock valued at $1,332,000 after purchasing an additional 1,526 shares during the period. Princeton Capital Management LLC boosted its holdings in General Motors by 25.2% in the 1st quarter. Princeton Capital Management LLC now owns 7,652 shares of the auto manufacturer’s stock valued at $278,000 after purchasing an additional 1,540 shares during the period. YorkBridge Wealth Partners LLC boosted its holdings in General Motors by 60.3% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 4,204 shares of the auto manufacturer’s stock valued at $166,000 after purchasing an additional 1,582 shares during the period. Finally, Stellar Capital Management LLC boosted its holdings in General Motors by 3.3% in the 1st quarter. Stellar Capital Management LLC now owns 50,917 shares of the auto manufacturer’s stock valued at $1,851,000 after purchasing an additional 1,603 shares during the period. 73.19% of the stock is owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for General Motors (NYSE:GM)

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