General Motors Company (NYSE:GM) Receives $77.76 Average PT from Analysts

Shares of General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) have been given an average rating of “Moderate Buy” by the twenty-four analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $78.1818.

GM has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada raised their target price on shares of General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of General Motors in a report on Friday, December 12th. Wells Fargo & Company raised their price objective on shares of General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a report on Tuesday, December 9th. Finally, Morgan Stanley upgraded shares of General Motors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $54.00 to $90.00 in a research note on Monday, December 8th.

Read Our Latest Stock Report on General Motors

General Motors Price Performance

General Motors stock opened at $83.22 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. General Motors has a 52-week low of $41.60 and a 52-week high of $85.18. The firm has a market cap of $77.63 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.31. The company’s 50 day moving average is $77.01 and its two-hundred day moving average is $64.36.

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

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were issued a $0.15 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. General Motors’s dividend payout ratio is presently 12.07%.

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the sale, the president owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This trade represents a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 7,724 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $864,504. The trade was a 39.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 284,021 shares of company stock valued at $18,971,788. 0.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On General Motors

A number of institutional investors and hedge funds have recently bought and sold shares of GM. Elevation Wealth Partners LLC increased its position in shares of General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in General Motors during the 3rd quarter worth approximately $29,000. Kelleher Financial Advisors acquired a new position in General Motors during the third quarter worth approximately $29,000. Trust Co. of Toledo NA OH purchased a new stake in General Motors in the second quarter valued at approximately $25,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of General Motors in the third quarter valued at approximately $32,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors News Summary

Here are the key news stories impacting General Motors this week:

General Motors Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.