Brokerages Set General Motors Company (NYSE:GM) Target Price at $91.25

Shares of General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) have been assigned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seventeen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $91.25.

Several analysts have recently issued reports on the company. Royal Bank Of Canada upped their price target on General Motors from $92.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. HSBC boosted their target price on General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. upped their target price on General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and increased their price target for the company from $83.00 to $90.00 in a report on Tuesday, April 14th. Finally, Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective for the company in a research note on Wednesday, March 25th.

Get Our Latest Research Report on General Motors

Institutional Investors Weigh In On General Motors

Several hedge funds and other institutional investors have recently modified their holdings of GM. Laurel Wealth Advisors LLC acquired a new position in General Motors during the 4th quarter valued at $25,000. Elevation Wealth Partners LLC grew its position in General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the last quarter. SouthState Bank Corp increased its holdings in shares of General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 177 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of General Motors during the 4th quarter worth about $30,000. Finally, Founders Capital Management acquired a new position in shares of General Motors during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Down 0.6%

General Motors stock opened at $78.06 on Tuesday. The company has a market capitalization of $70.57 billion, a P/E ratio of 25.93, a P/E/G ratio of 0.44 and a beta of 1.34. The firm’s fifty day simple moving average is $76.84 and its 200-day simple moving average is $75.83. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. General Motors has a 1-year low of $44.72 and a 1-year high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.25. The firm had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. General Motors’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Sell-side analysts forecast that General Motors will post 12.43 earnings per share for the current fiscal year.

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

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. This is a boost from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is presently 23.92%.

Key Stories Impacting General Motors

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.

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Analyst Recommendations for General Motors (NYSE:GM)

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