General Motors (NYSE:GM) Price Target Cut to $105.00 by Analysts at Barclays

General Motors (NYSE:GM) (TSE:GMM.U) had its price target decreased by equities research analysts at Barclays from $110.00 to $105.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the auto manufacturer’s stock. Barclays‘s target price would suggest a potential upside of 43.32% from the stock’s previous close.

Several other research analysts also recently commented on GM. Mizuho raised their price target on shares of General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. upped their price objective on General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group set a $104.00 price target on shares of General Motors in a report on Tuesday, January 27th. HSBC boosted their target price on General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Finally, Citigroup raised their price target on General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average target price of $91.38.

General Motors Trading Up 0.4%

NYSE:GM traded up $0.28 during mid-day trading on Monday, hitting $73.26. 1,128,078 shares of the stock traded hands, compared to its average volume of 8,467,267. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. General Motors has a 52 week low of $41.60 and a 52 week high of $87.62. The stock has a market capitalization of $66.23 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 0.39 and a beta of 1.37. The firm’s 50 day moving average is $79.12 and its two-hundred day moving average is $73.53.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The business had revenue of $45.29 billion during the quarter, compared to the consensus estimate of $45.81 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, equities research analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors announced that its Board of Directors has approved a stock repurchase plan on Tuesday, January 27th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On General Motors

A number of institutional investors have recently modified their holdings of the stock. Stance Capital LLC acquired a new position in shares of General Motors in the 4th quarter valued at about $3,402,000. Rockefeller Capital Management L.P. boosted its position in General Motors by 31.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 510,885 shares of the auto manufacturer’s stock worth $41,545,000 after purchasing an additional 122,750 shares in the last quarter. World Investment Advisors grew its position in shares of General Motors by 76.6% during the 4th quarter. World Investment Advisors now owns 11,815 shares of the auto manufacturer’s stock valued at $961,000 after acquiring an additional 5,124 shares during the period. PeakShares LLC purchased a new position in shares of General Motors in the 4th quarter valued at about $249,000. Finally, Corient Private Wealth LLC raised its stake in shares of General Motors by 14.4% during the 4th quarter. Corient Private Wealth LLC now owns 367,378 shares of the auto manufacturer’s stock worth $29,876,000 after buying an additional 46,218 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

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.