General Motors (NYSE:GM) Price Target Increased to $56.00 by Analysts at Royal Bank of Canada

General Motors (NYSE:GM) (TSE:GMM.U) had its target price upped by Royal Bank of Canada from $54.00 to $56.00 in a research report report published on Tuesday morning, Marketbeat reports. They currently have an overweight rating on the auto manufacturer’s stock.

Other research analysts have also recently issued reports about the stock. Wolfe Research upgraded shares of General Motors from a peer perform rating to an outperform rating and set a $42.00 target price on the stock in a research note on Thursday, January 4th. Redburn Atlantic initiated coverage on shares of General Motors in a research report on Wednesday, January 24th. They issued a neutral rating and a $40.00 price target on the stock. Mizuho boosted their price target on shares of General Motors from $44.00 to $48.00 and gave the company a buy rating in a research report on Monday, March 25th. Tigress Financial boosted their price target on shares of General Motors from $86.00 to $88.00 and gave the company a strong-buy rating in a research report on Thursday, February 15th. Finally, Barclays boosted their price target on shares of General Motors from $50.00 to $55.00 and gave the company an overweight rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, General Motors presently has an average rating of Moderate Buy and an average target price of $54.38.

General Motors Stock Up 1.2 %

GM opened at $45.62 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The stock has a market cap of $52.67 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.53 and a beta of 1.51. General Motors has a twelve month low of $26.30 and a twelve month high of $46.04. The company’s 50-day moving average price is $42.13 and its two-hundred day moving average price is $36.19.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion for the quarter, compared to analysts’ expectations of $41.09 billion. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 earnings per share. As a group, equities analysts expect that General Motors will post 9.26 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, June 7th. General Motors’s payout ratio is 5.87%.

Insider Transactions at General Motors

In other news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at approximately $3,348,562.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the transaction, the executive vice president now directly owns 71,506 shares in the company, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock valued at $3,614,078 in the last quarter. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

A number of institutional investors have recently made changes to their positions in GM. CWM LLC boosted its stake in shares of General Motors by 16.8% in the 3rd quarter. CWM LLC now owns 29,724 shares of the auto manufacturer’s stock valued at $980,000 after purchasing an additional 4,265 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of General Motors in the 3rd quarter valued at $249,000. Summit Global Investments purchased a new stake in shares of General Motors in the 3rd quarter valued at $360,000. Impact Partnership Wealth LLC boosted its stake in shares of General Motors by 53.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 1,649 shares of the auto manufacturer’s stock valued at $54,000 after purchasing an additional 577 shares in the last quarter. Finally, Founders Financial Securities LLC boosted its stake in shares of General Motors by 6.6% in the 3rd quarter. Founders Financial Securities LLC now owns 14,472 shares of the auto manufacturer’s stock valued at $477,000 after purchasing an additional 890 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.