UBS Group Boosts General Motors (NYSE:GM) Price Target to $58.00

General Motors (NYSE:GM) (TSE:GMM.U) had its target price upped by analysts at UBS Group from $56.00 to $58.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the auto manufacturer’s stock. UBS Group’s price target suggests a potential upside of 27.14% from the stock’s current price.

A number of other research analysts have also issued reports on GM. Mizuho lifted their target price on General Motors from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays increased their price target on General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. TheStreet upgraded General Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 19th. Morgan Stanley increased their price target on General Motors from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, Redburn Atlantic assumed coverage on General Motors in a research report on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $54.38.

General Motors Price Performance

NYSE:GM opened at $45.62 on Wednesday. The business’s 50-day moving average price is $42.13 and its 200 day moving average price is $36.19. The firm has a market cap of $52.67 billion, a P/E ratio of 5.58, a PEG ratio of 0.53 and a beta of 1.51. General Motors has a 52-week low of $26.30 and a 52-week high of $46.04. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. The firm 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 14.40% and a net margin of 6.13%. General Motors’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.21 earnings per share. As a group, sell-side analysts predict that General Motors will post 9.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at approximately $540,315. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Gerald Johnson sold 27,122 shares of the firm’s stock in a transaction dated 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 directly owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total value of $157,500.00. Following the sale, the chief accounting officer now directly owns 12,007 shares of the company’s stock, valued at $540,315. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Unison Advisors LLC raised its stake in shares of General Motors by 0.4% in the 1st quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer’s stock valued at $3,047,000 after acquiring an additional 246 shares in the last quarter. Janiczek Wealth Management LLC raised its stake in shares of General Motors by 5.2% in the 1st quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer’s stock valued at $230,000 after acquiring an additional 248 shares in the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of General Motors by 2.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer’s stock valued at $399,000 after acquiring an additional 268 shares in the last quarter. Summit Financial LLC raised its stake 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 raised its stake in shares of General Motors by 1.7% in 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 in the last quarter. 92.67% of the stock is owned by institutional investors.

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.