Brokerages Set General Motors Company (NYSE:GM) Target Price at $91.58

Shares of General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) have been assigned a consensus rating of “Moderate Buy” from the twenty-five research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, sixteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $91.5833.

A number of brokerages have recently issued reports on GM. TD Cowen reaffirmed a “buy” rating on shares of General Motors in a research note on Wednesday, January 28th. Royal Bank Of Canada raised their price objective on General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Evercore lifted their target price on shares of General Motors from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Benchmark upped their target price on shares of General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Finally, DZ Bank upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Thursday, January 29th.

Check Out Our Latest Report on General Motors

Key General Motors News

Here are the key news stories impacting General Motors this week:

General Motors Stock Down 0.0%

GM opened at $72.98 on Friday. The company has a market cap of $65.97 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 0.39 and a beta of 1.37. General Motors has a twelve month low of $41.60 and a twelve month high of $87.62. The company has a 50-day moving average price of $79.12 and a 200 day moving average price of $73.53. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings data 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. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The company had revenue of $45.29 billion for the quarter, compared to analysts’ expectations of $45.81 billion. During the same period in the previous year, the firm posted $1.92 EPS. General Motors’s revenue was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Sell-side analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its board has approved a share buyback plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, March 6th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, March 6th. This is a positive change from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is currently 23.92%.

Institutional Investors Weigh In On General Motors

A number of large investors have recently made changes to their positions in GM. CWM LLC boosted its position in shares of General Motors by 50.8% during the 3rd quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock worth $20,782,000 after purchasing an additional 114,756 shares during the period. Corient Private Wealth LLC raised its position in General Motors by 6.2% in the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock valued at $16,802,000 after purchasing an additional 20,017 shares during the period. SteelPeak Wealth LLC acquired a new position in General Motors during the third quarter worth $3,411,000. Burney Co. lifted its stake in General Motors by 18.7% during the third quarter. Burney Co. now owns 82,037 shares of the auto manufacturer’s stock worth $5,002,000 after purchasing an additional 12,913 shares in the last quarter. Finally, Permanent Capital Management LP purchased a new position in shares of General Motors during the third quarter worth $1,102,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Company Profile

(Get Free Report)

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.

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