General Motors Company (NYSE:GM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $95.6957.

A number of analysts have recently weighed in on GM shares. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target on the stock in a research report on Wednesday, March 25th. Barclays reduced their price objective on General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Evercore restated an “outperform” rating and set a $100.00 price objective on shares of General Motors in a research note on Monday, May 4th. TD Cowen increased their target price on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research note on Tuesday, April 21st.

Check Out Our Latest Research Report on GM

General Motors Price Performance

GM opened at $76.06 on Friday. The firm has a market cap of $68.58 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 0.38 and a beta of 1.31. General Motors has a fifty-two week low of $48.87 and a fifty-two week high of $87.62. The company’s 50-day moving average price is $79.02 and its 200 day moving average price is $79.28. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The firm had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same quarter last year, the company posted $2.78 earnings per share. General Motors’s revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, sell-side analysts expect that General Motors will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. General Motors’s dividend payout ratio (DPR) is 29.03%.

General Motors News Summary

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

Insider Buying and Selling

In related news, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $85.00, for a total value of $586,075.00. Following the sale, the chief accounting officer directly owned 25,794 shares in the company, valued at $2,192,490. This trade represents a 21.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 99,239 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total transaction of $8,445,238.90. Following the transaction, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at $50,399,794.20. The trade was a 14.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 697,388 shares of company stock valued at $57,752,596 in the last quarter. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On General Motors

Several hedge funds and other institutional investors have recently made changes to their positions in GM. Laurel Wealth Advisors LLC bought a new position in General Motors in the 4th quarter worth approximately $25,000. Evergreen Advisors LLC bought a new stake in General Motors during the 1st quarter valued at $26,000. Elevation Wealth Partners LLC raised its stake in General Motors by 500.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 275 shares in the last quarter. SouthState Bank Corp boosted its position in 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 acquiring an additional 177 shares during the period. Finally, Kelleher Financial Advisors acquired a new position in General Motors during the 3rd quarter worth $29,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

About General Motors

(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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