Media stories about General Motors (NYSE:GM) (TSE:GMM.U) have trended neutral this week, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. General Motors earned a news sentiment score of 0.50 on their scale. InfoTrie also gave media headlines about the auto manufacturer an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted General Motors’ score:
- GAA taps ex-GM executive as new CEO (crainsdetroit.com)
- California Says It Won’t Buy Cars From GM, Toyota, Others Opposing Tough Tailpipe Standards (capradio.org)
- Ford Contract Ratified by U.A.W. Members (nytimes.com)
- General Motors could turn Hamtramck into its electric pickup, SUV hub (autoblog.com)
- GM strike pushes industrial production down 0.8% (columbian.com)
GM has been the subject of a number of recent research reports. Buckingham Research lowered their price target on shares of General Motors from $35.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. ValuEngine upgraded shares of General Motors from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Morgan Stanley set a $46.00 price target on shares of General Motors and gave the stock a “buy” rating in a report on Tuesday, September 17th. Citigroup lifted their price target on shares of General Motors from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Nomura set a $38.00 price target on shares of General Motors and gave the stock a “hold” rating in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $47.00.
General Motors stock traded up $0.09 during trading on Friday, reaching $36.89. The company had a trading volume of 11,101,973 shares, compared to its average volume of 8,690,107. General Motors has a 12-month low of $31.46 and a 12-month high of $41.90. The stock’s 50 day moving average price is $36.66 and its two-hundred day moving average price is $37.46. The firm has a market capitalization of $52.58 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 0.71 and a beta of 1.40. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.82 and a current ratio of 0.96.
General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.54. General Motors had a net margin of 6.19% and a return on equity of 19.78%. The firm had revenue of $35.50 billion during the quarter, compared to the consensus estimate of $35.21 billion. During the same period in the previous year, the firm earned $1.87 earnings per share. General Motors’s revenue was down .8% compared to the same quarter last year. As a group, research analysts expect that General Motors will post 4.8 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, December 6th will be issued a $0.38 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.52 dividend on an annualized basis and a yield of 4.12%. General Motors’s payout ratio is 23.24%.
In related news, EVP Matthew Tsien sold 16,933 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $39.50, for a total value of $668,853.50. Following the completion of the sale, the executive vice president now directly owns 18,533 shares in the company, valued at $732,053.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.51% of the stock is currently owned by insiders.
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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