General Motors (NYSE:GM) Given Consensus Rating of “Buy” by Analysts

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) has received an average recommendation of “Buy” from the twenty-four research firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $68.76.

GM has been the subject of a number of recent research reports. Zacks Investment Research raised shares of General Motors from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Wednesday, December 29th. BNP Paribas initiated coverage on shares of General Motors in a research report on Monday, April 11th. They issued an “outperform” rating for the company. Royal Bank of Canada boosted their target price on shares of General Motors from $74.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, February 2nd. Morgan Stanley reduced their target price on shares of General Motors from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 22nd. Finally, Wolfe Research boosted their target price on shares of General Motors from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, March 21st.

Shares of NYSE:GM traded down $0.73 on Monday, hitting $39.11. The company had a trading volume of 391,022 shares, compared to its average volume of 19,530,453. General Motors has a 1-year low of $37.60 and a 1-year high of $67.21. The stock has a market cap of $56.83 billion, a price-to-earnings ratio of 5.94, a P/E/G ratio of 0.62 and a beta of 1.18. The stock has a 50 day moving average price of $43.48 and a 200 day moving average price of $52.73. 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 (NYSE:GMGet Rating) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, February 1st. The auto manufacturer reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.20. General Motors had a net margin of 7.89% and a return on equity of 17.66%. The firm had revenue of $33.58 billion for the quarter, compared to the consensus estimate of $34.24 billion. During the same period in the previous year, the company earned $1.93 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. Sell-side analysts anticipate that General Motors will post 6.7 earnings per share for the current fiscal year.

In other news, Director Patricia F. Russo acquired 6,000 shares of the stock in a transaction dated Thursday, February 10th. The stock was bought at an average price of $50.61 per share, with a total value of $303,660.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julian G. Blissett sold 21,742 shares of the company’s stock in a transaction that occurred on 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 currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC increased its position in General Motors by 21.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 936 shares of the auto manufacturer’s stock valued at $49,000 after purchasing an additional 166 shares during the period. Veriti Management LLC increased its position in General Motors by 0.8% during the 4th quarter. Veriti Management LLC now owns 20,650 shares of the auto manufacturer’s stock valued at $1,211,000 after purchasing an additional 172 shares during the period. Liberty Wealth Management LLC increased its position in General Motors by 50.1% during the 3rd quarter. Liberty Wealth Management LLC now owns 518 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 173 shares during the period. Lindbrook Capital LLC increased its position in General Motors by 6.3% during the 4th quarter. Lindbrook Capital LLC now owns 2,927 shares of the auto manufacturer’s stock valued at $172,000 after purchasing an additional 174 shares during the period. Finally, D Orazio & Associates Inc. boosted its holdings in shares of General Motors by 9.0% during the 3rd quarter. D Orazio & Associates Inc. now owns 2,113 shares of the auto manufacturer’s stock worth $111,000 after buying an additional 175 shares in the last quarter. 80.50% of the stock is owned by institutional investors.

General Motors Company Profile (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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Analyst Recommendations for General Motors (NYSE:GM)

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