General Motors (NYSE:GM) Price Target Raised to $30.00

General Motors (NYSE:GM) (TSE:GMM.U) had its price target lifted by equities research analysts at Wells Fargo & Company from $28.00 to $30.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the auto manufacturer’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 34.24% from the company’s current price.

Several other equities research analysts also recently commented on the stock. Mizuho boosted their target price on shares of General Motors from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday. Tigress Financial raised their target price on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a report on Thursday, February 15th. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Thursday, January 4th. Wedbush raised their price objective on General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group upped their target price on shares of General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $54.38.

General Motors Stock Performance

Shares of General Motors stock opened at $45.62 on Wednesday. The business has a 50-day simple moving average of $42.13 and a 200 day simple moving average of $36.19. The firm has a market capitalization of $52.67 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.53 and a beta of 1.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.90. 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 issued its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The company had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same period in the prior year, the firm earned $2.21 earnings per share. General Motors’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts anticipate that General Motors will post 9.26 earnings per share for the current fiscal year.

Insider Activity at General Motors

In other news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the transaction, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the sale, the chief accounting officer now owns 21,507 shares in the company, valued at $860,710.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the transaction, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,248 shares of company stock worth $3,614,078. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Unison Advisors LLC grew its position in shares of General Motors by 0.4% during the 1st quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer’s stock valued at $3,047,000 after purchasing an additional 246 shares in the last quarter. Janiczek Wealth Management LLC grew its position in General Motors by 5.2% during the first quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer’s stock worth $230,000 after buying an additional 248 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in General Motors by 2.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer’s stock worth $399,000 after acquiring an additional 268 shares during the last quarter. Summit Financial LLC raised its holdings in shares of General Motors by 4.3% in the 4th quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer’s stock valued at $239,000 after acquiring an additional 273 shares in the last quarter. Finally, Sutton Place Investors LLC boosted its position in shares of General Motors by 1.7% during the 1st quarter. Sutton Place Investors LLC now owns 17,236 shares of the auto manufacturer’s stock valued at $782,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Company Profile

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.