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

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) has received an average rating of “Buy” from the twenty-three brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $62.30.

GM has been the topic of several recent analyst reports. Exane BNP Paribas initiated coverage on General Motors in a report on Monday, April 11th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. dropped their target price on General Motors from $75.00 to $71.00 in a report on Monday, April 25th. Deutsche Bank Aktiengesellschaft dropped their target price on General Motors from $75.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, April 21st. Wedbush dropped their target price on General Motors from $85.00 to $50.00 in a report on Wednesday, April 27th. Finally, Royal Bank of Canada dropped their target price on General Motors from $70.00 to $58.00 in a report on Wednesday, April 27th.

In other General Motors news, CFO Paul A. Jacobson acquired 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 28th. The stock was purchased at an average cost of $38.79 per share, for a total transaction of $1,357,650.00. Following the completion of the acquisition, the chief financial officer now owns 110,000 shares of the company’s stock, valued at approximately $4,266,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen K. Carlisle sold 25,645 shares of the company’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $39.04, for a total transaction of $1,001,180.80. Following the completion of the sale, the executive vice president now owns 64,170 shares of the company’s stock, valued at $2,505,196.80. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Large investors have recently modified their holdings of the stock. OLD Mission Capital LLC bought a new stake in General Motors during the third quarter valued at about $205,000. Morgan Stanley boosted its holdings in General Motors by 12.3% during the second quarter. Morgan Stanley now owns 13,170,806 shares of the auto manufacturer’s stock valued at $779,317,000 after acquiring an additional 1,438,326 shares during the period. New World Advisors LLC bought a new stake in General Motors during the third quarter valued at about $381,000. Essex Financial Services Inc. boosted its holdings in General Motors by 15.4% during the third quarter. Essex Financial Services Inc. now owns 5,046 shares of the auto manufacturer’s stock valued at $266,000 after acquiring an additional 674 shares during the period. Finally, BOKF NA bought a new stake in General Motors during the third quarter valued at about $777,000. Hedge funds and other institutional investors own 82.66% of the company’s stock.

Shares of NYSE GM opened at $36.12 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 1.15. The stock has a 50 day simple moving average of $40.76 and a 200-day simple moving average of $50.31. The company has a market cap of $52.67 billion, a PE ratio of 5.99, a P/E/G ratio of 0.53 and a beta of 1.20. General Motors has a 12-month low of $34.58 and a 12-month high of $67.21.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 26th. The auto manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.53. The business had revenue of $35.98 billion during the quarter, compared to the consensus estimate of $36.25 billion. General Motors had a return on equity of 16.37% and a net margin of 7.61%. During the same period in the previous year, the firm posted $2.25 earnings per share. Sell-side analysts forecast that General Motors will post 6.89 earnings per share for the current fiscal year.

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.

See Also

Analyst Recommendations for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.