General Motors (NYSE:GM) Price Target Increased to $50.00 by Analysts at Deutsche Bank Aktiengesellschaft

General Motors (NYSE:GM) (TSE:GMM.U) had its price target raised by Deutsche Bank Aktiengesellschaft from $44.00 to $50.00 in a report released on Tuesday. Deutsche Bank Aktiengesellschaft currently has a hold rating on the auto manufacturer’s stock.

Several other analysts have also commented on the company. Mizuho boosted their price target on General Motors from $44.00 to $48.00 and gave the company a buy rating in a research note on Monday, March 25th. Tigress Financial boosted their price target on General Motors from $86.00 to $88.00 and gave the company a strong-buy rating in a research note on Thursday, February 15th. TheStreet upgraded General Motors from a c+ rating to a b- rating in a research report on Tuesday, March 19th. Wells Fargo & Company lifted their price objective on General Motors from $27.00 to $28.00 and gave the company an underweight rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley lifted their price objective on General Motors from $43.00 to $46.00 and gave the company an overweight rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $52.52.

General Motors Price Performance

Shares of GM stock opened at $45.10 on Tuesday. The stock’s fifty day simple moving average is $41.86 and its 200 day simple moving average is $36.06. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90. The firm has a market cap of $52.06 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 0.50 and a beta of 1.51. General Motors has a one year low of $26.30 and a one year high of $46.04.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. General Motors’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.21 EPS. On average, analysts expect that General Motors will post 9.12 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%. General Motors’s payout ratio is currently 6.57%.

Insider Transactions at General Motors

In other news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the sale, the executive vice president now owns 71,506 shares in the company, valued at $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the completion of the sale, the executive vice president now owns 71,506 shares in the company, valued at $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Christopher Hatto sold 15,510 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the sale, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 over the last 90 days. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On General Motors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GM. SouthState Corp increased its holdings in General Motors by 173.8% in the third quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 485 shares during the last quarter. Highlander Capital Management LLC bought a new stake in General Motors in the fourth quarter valued at about $27,000. Cape Investment Advisory Inc. increased its holdings in General Motors by 75.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 359 shares during the last quarter. BluePath Capital Management LLC bought a new stake in General Motors in the third quarter valued at about $33,000. Finally, Sachetta LLC bought a new stake in General Motors in the fourth quarter valued at about $33,000. Institutional investors own 92.67% of the company’s stock.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.