Evercore ISI Issues Positive Forecast for General Motors (NYSE:GM) Stock Price

General Motors (NYSE:GM) (TSE:GMM.U) had its price target boosted by Evercore ISI from $55.00 to $68.00 in a report published on Monday, Marketbeat Ratings reports. The firm currently has an outperform rating on the auto manufacturer’s stock.

Other equities analysts have also issued research reports about the stock. UBS Group upgraded shares of General Motors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $56.00 to $81.00 in a research report on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of General Motors in a report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on shares of General Motors from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Wells Fargo & Company increased their price target on shares of General Motors from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday, October 3rd. Finally, Bank of America lowered their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

General Motors Price Performance

Shares of NYSE:GM opened at $55.63 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $52.96 billion, a PE ratio of 8.83, a P/E/G ratio of 1.17 and a beta of 1.33. General Motors has a twelve month low of $41.60 and a twelve month high of $62.14. The company has a 50-day moving average price of $57.67 and a two-hundred day moving average price of $51.85.

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

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 5th. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

Insider Activity at General Motors

In related news, President Mark L. Reuss sold 136,161 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total value of $8,185,999.32. Following the sale, the president directly owned 131,036 shares of the company’s stock, valued at $7,877,884.32. This trade represents a 50.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares in the company, valued at $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,074,824 shares of company stock valued at $122,377,213. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Cassia Capital Partners LLC raised its stake in shares of General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock worth $879,000 after acquiring an additional 7,221 shares in the last quarter. Mirova raised its stake in shares of General Motors by 4.1% during the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after acquiring an additional 5,293 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of General Motors by 6.3% during the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after acquiring an additional 526 shares in the last quarter. AustralianSuper Pty Ltd raised its stake in shares of General Motors by 38.9% during the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock worth $287,428,000 after acquiring an additional 1,712,033 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of General Motors during the first quarter worth approximately $312,000. 92.67% of the stock is owned by hedge funds and other 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.