General Motors (NYSE:GM) Receives New Coverage from Analysts at Exane BNP Paribas

Exane BNP Paribas started coverage on shares of General Motors (NYSE:GMGet Rating) (TSE:GMM.U) in a research note published on Monday, The Fly reports. The firm issued an outperform rating on the auto manufacturer’s stock.

A number of other analysts have also issued reports on the stock. Wolfe Research lifted their price objective on shares of General Motors from $67.00 to $70.00 and gave the company an outperform rating in a research note on Monday, March 21st. Barclays cut their price objective on shares of General Motors from $68.00 to $59.00 and set an overweight rating on the stock in a report on Thursday, April 7th. Nomura lowered their target price on General Motors from $66.00 to $56.00 and set a neutral rating for the company in a research note on Wednesday, February 9th. Morgan Stanley reduced their price target on General Motors from $55.00 to $50.00 and set an equal weight rating for the company in a report on Tuesday, March 22nd. Finally, Daiwa Capital Markets downgraded General Motors from an outperform rating to a neutral rating and set a $65.00 price objective on the stock. in a report on Tuesday, December 14th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $69.68.

Shares of GM stock opened at $40.22 on Monday. The company’s fifty day simple moving average is $44.77 and its 200-day simple moving average is $53.37. The company has a current ratio of 1.10, a quick ratio of 0.93 and a debt-to-equity ratio of 1.15. General Motors has a 52 week low of $37.60 and a 52 week high of $67.21. The company has a market cap of $58.44 billion, a PE ratio of 5.99, a P/E/G ratio of 0.61 and a beta of 1.18.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, February 1st. The auto manufacturer reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.20. General Motors had a return on equity of 17.66% and a net margin of 7.89%. The company had revenue of $33.58 billion for the quarter, compared to analysts’ expectations of $34.24 billion. During the same quarter in the previous year, the firm posted $1.93 earnings per share. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. Equities research analysts expect that General Motors will post 6.7 EPS for the current fiscal year.

In other General Motors news, EVP Julian G. Blissett sold 21,742 shares of the company’s stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $50.04, for a total value of $1,087,969.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Patricia F. Russo purchased 6,000 shares of the business’s stock in a transaction dated Thursday, February 10th. The shares were acquired at an average cost of $50.61 per share, for a total transaction of $303,660.00. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Capital International Investors increased its position in shares of General Motors by 218,225.9% during the 4th quarter. Capital International Investors now owns 13,682,486 shares of the auto manufacturer’s stock valued at $802,201,000 after purchasing an additional 13,676,219 shares during the period. Norges Bank bought a new stake in General Motors in the fourth quarter worth about $711,435,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in General Motors by 295.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,074,338 shares of the auto manufacturer’s stock valued at $469,360,000 after acquiring an additional 6,034,872 shares during the last quarter. BlackRock Inc. boosted its position in shares of General Motors by 4.4% during the 3rd quarter. BlackRock Inc. now owns 117,168,238 shares of the auto manufacturer’s stock valued at $6,175,936,000 after purchasing an additional 4,900,052 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of General Motors by 14.4% in the 3rd quarter. Geode Capital Management LLC now owns 23,039,545 shares of the auto manufacturer’s stock worth $1,210,941,000 after purchasing an additional 2,891,781 shares in the last quarter. 80.50% of the stock is owned by institutional investors and hedge funds.

About General Motors (Get Rating)

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

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