General Motors (NYSE:GM) Price Target Raised to $95.00 at Evercore ISI

General Motors (NYSE:GM) (TSE:GMM.U) had its price objective boosted by Evercore ISI from $85.00 to $95.00 in a research note issued to investors on Monday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the auto manufacturer’s stock.

A number of other analysts also recently commented on the stock. Argus set a $78.00 price objective on shares of General Motors in a report on Thursday, October 23rd. Wells Fargo & Company upped their price target on General Motors from $48.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, January 28th. Zacks Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Morgan Stanley reissued an “overweight” rating and set a $100.00 price objective on shares of General Motors in a research note on Wednesday, January 28th. Finally, Tigress Financial raised their target price on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.43.

General Motors Stock Up 0.3%

NYSE GM opened at $84.22 on Monday. The business has a fifty day moving average price of $80.40 and a 200 day moving average price of $67.27. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17. The company has a market cap of $76.13 billion, a P/E ratio of 27.98, a P/E/G ratio of 0.46 and a beta of 1.31. General Motors has a one year low of $41.60 and a one year high of $87.31.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.25. The company had revenue of $45.29 billion for the quarter, compared to analysts’ expectations of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Research analysts anticipate that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its board has initiated a share repurchase plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be given a dividend of $0.18 per share. This is a boost from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, March 6th. General Motors’s dividend payout ratio (DPR) is 23.92%.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 7,724 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $864,504. This trade represents a 39.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of General Motors by 11.5% in the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after acquiring an additional 11,418,367 shares in the last quarter. Franklin Resources Inc. boosted its holdings in General Motors by 3.3% in the third quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock valued at $1,909,748,000 after purchasing an additional 989,189 shares during the period. Capital World Investors boosted its holdings in General Motors by 8.2% in the third quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock valued at $1,105,420,000 after purchasing an additional 1,366,467 shares during the period. AQR Capital Management LLC grew its stake in General Motors by 5.5% during the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock worth $868,986,000 after purchasing an additional 748,831 shares in the last quarter. Finally, Viking Global Investors LP increased its holdings in General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after purchasing an additional 5,830,050 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

About General Motors

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.