General Motors (NYSE:GM) Price Target Raised to $60.00 at Barclays

General Motors (NYSE:GM) (TSE:GMM.U) had its price objective upped by Barclays from $55.00 to $60.00 in a research note issued to investors on Friday, Benzinga reports. Barclays currently has an overweight rating on the auto manufacturer’s stock.

A number of other research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on General Motors from $44.00 to $50.00 and gave the company a hold rating in a report on Tuesday, April 23rd. UBS Group lifted their price target on General Motors from $56.00 to $58.00 and gave the stock a buy rating in a report on Wednesday, April 24th. Wells Fargo & Company lifted their price target on General Motors from $28.00 to $30.00 and gave the stock an underweight rating in a report on Wednesday, April 24th. TheStreet upgraded General Motors from a c+ rating to a b- rating in a report on Tuesday, March 19th. Finally, Piper Sandler lifted their price target on General Motors from $44.00 to $45.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, General Motors presently has a consensus rating of Moderate Buy and an average target price of $54.65.

General Motors Stock Up 0.5 %

Shares of NYSE:GM opened at $45.84 on Friday. The business’s 50 day simple moving average is $42.27 and its two-hundred day simple moving average is $36.36. The firm has a market cap of $52.30 billion, a P/E ratio of 5.60, a PEG ratio of 0.53 and a beta of 1.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. General Motors has a 52-week low of $26.30 and a 52-week high of $46.17.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping 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 14.40% and a net margin of 6.13%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.21 earnings per share. As a group, research analysts forecast that General Motors will post 9.45 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, June 7th. General Motors’s payout ratio is 5.87%.

Insider Buying and Selling

In related news, EVP Gerald Johnson sold 27,122 shares of the business’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 transaction, the executive vice president now directly owns 71,506 shares in the company, valued at $3,236,361.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of General Motors stock in a transaction dated 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 sale, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of General Motors stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following 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 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 ninety days. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On General Motors

Several hedge funds have recently added to or reduced their stakes in the company. Unison Advisors LLC lifted 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 during the last quarter. Janiczek Wealth Management LLC lifted 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 during the last quarter. FinTrust Capital Advisors LLC lifted 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 during the last quarter. Summit Financial LLC lifted 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 during the last quarter. Finally, Sutton Place Investors LLC lifted 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 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.