Wall Street Zen Upgrades General Motors (NYSE:GM) to “Buy”

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

GM has been the subject of several other reports. Evercore ISI upped their price objective on General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Wedbush increased their price target on shares of General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Tigress Financial increased their target price on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Finally, UBS Group boosted their price target on shares of General Motors from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.76.

General Motors Trading Up 0.2%

NYSE GM opened at $83.04 on Friday. General Motors has a 52 week low of $41.60 and a 52 week high of $83.68. The firm has a 50 day moving average of $73.39 and a two-hundred day moving average of $61.50. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $77.46 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, research analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

Insider Transactions at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the transaction, the president directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. This trade represents a 72.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 15,697 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,098,790.00. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $840,490. The trade was a 56.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 284,021 shares of company stock worth $18,971,788. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tiemann Investment Advisors LLC raised its holdings in General Motors by 3.1% during the third quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock worth $308,000 after purchasing an additional 150 shares during the last quarter. Hemington Wealth Management increased its position in General Motors by 14.5% during the 3rd quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after purchasing an additional 154 shares in the last quarter. Fielder Capital Group LLC lifted its stake in shares of General Motors by 3.3% during the third quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock valued at $313,000 after buying an additional 163 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of General Motors by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock worth $318,000 after purchasing an additional 171 shares during the period. Finally, Sowell Financial Services LLC boosted its stake in General Motors by 2.9% in the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after buying an additional 195 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

About General Motors

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.