General Motors (NYSE:GM) Given New $80.00 Price Target at JPMorgan Chase & Co.

General Motors (NYSE:GM) (TSE:GMM.U) had its target price hoisted by JPMorgan Chase & Co. from $60.00 to $80.00 in a research note released on Tuesday, MarketBeat Ratings reports. The brokerage currently has an overweight rating on the auto manufacturer’s stock.

Several other research analysts have also recently issued reports on GM. Barclays raised shares of General Motors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $55.00 to $73.00 in a report on Friday, September 12th. The Goldman Sachs Group increased their target price on shares of General Motors from $70.00 to $74.00 and gave the company a “buy” rating in a report on Monday. Citigroup increased their target price on shares of General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Bank of America dropped their target price on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, CLSA raised shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and a consensus price target of $63.16.

General Motors Trading Down 0.3%

NYSE GM opened at $60.92 on Tuesday. The stock has a market capitalization of $58.00 billion, a P/E ratio of 9.67, a P/E/G ratio of 1.29 and a beta of 1.32. General Motors has a 52-week low of $41.60 and a 52-week high of $62.14. The firm has a 50-day moving average price of $56.78 and a 200 day moving average price of $51.32. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.01. The firm had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors’s payout ratio is 9.52%.

Insider Activity

In related news, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $732,547.07. The trade was a 66.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 6,600 shares of General Motors stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. This trade represents a 43.67% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,074,824 shares of company stock worth $122,377,213. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors in the 2nd quarter worth about $25,000. GFG Capital LLC acquired a new position in shares of General Motors in the 2nd quarter valued at about $27,000. Costello Asset Management INC bought a new stake in shares of General Motors during the 1st quarter valued at about $32,000. RMG Wealth Management LLC bought a new stake in shares of General Motors during the 2nd quarter valued at about $32,000. Finally, WPG Advisers LLC bought a new stake in shares of General Motors during the 1st quarter valued at about $34,000. 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.