General Motors (NYSE:GM) Price Target Lowered to $56.00 at Deutsche Bank Aktiengesellschaft

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $75.00 to $56.00 in a report issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 34.23% from the stock’s current price.

Several other brokerages have also recently weighed in on GM. Barclays dropped their target price on General Motors from $68.00 to $59.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Morgan Stanley dropped their target price 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. Jefferies Financial Group lowered their price target on General Motors from $53.00 to $44.00 and set a “hold” rating for the company in a research report on Tuesday, March 15th. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, December 29th. Finally, Nomura lowered their price target on General Motors from $66.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, February 9th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, General Motors presently has an average rating of “Buy” and a consensus target price of $69.19.

GM opened at $41.72 on Thursday. The stock has a 50-day moving average price of $43.81 and a 200-day moving average price of $52.95. General Motors has a 12-month low of $37.60 and a 12-month high of $67.21. The company has a current ratio of 1.10, a quick ratio of 0.93 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $60.62 billion, a P/E ratio of 6.22, a PEG ratio of 0.61 and a beta of 1.18.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last issued its earnings results on Tuesday, February 1st. The auto manufacturer reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.20. The company had revenue of $33.58 billion during the quarter, compared to analysts’ expectations of $34.24 billion. General Motors had a return on equity of 17.66% and a net margin of 7.89%. General Motors’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 EPS. On average, equities research analysts predict that General Motors will post 6.7 EPS for the current year.

In other General Motors news, Director Patricia F. Russo purchased 6,000 shares of the firm’s stock in a transaction on Thursday, February 10th. The shares were acquired at an average cost of $50.61 per share, with a total value of $303,660.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Julian G. Blissett sold 21,742 shares of the firm’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 disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of GM. Liberty Wealth Management LLC increased its stake in General Motors by 50.1% during the third quarter. Liberty Wealth Management LLC now owns 518 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 173 shares during the last quarter. NuWave Investment Management LLC bought a new stake in General Motors during the fourth quarter worth approximately $28,000. FSB Premier Wealth Management Inc. bought a new stake in General Motors during the fourth quarter worth approximately $28,000. Sandy Cove Advisors LLC purchased a new position in shares of General Motors during the fourth quarter valued at approximately $30,000. Finally, Hanson & Doremus Investment Management boosted its position in shares of General Motors by 793.7% during the fourth quarter. Hanson & Doremus Investment Management now owns 563 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 500 shares during the period. 80.50% of the stock is currently owned by hedge funds and other institutional investors.

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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