General Motors Co. Hits New 52-Week High at $37.73 (GM)
General Motors (NYSE:GM) set a new 52-week high on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $37.73 and last traded at $37.52, with a volume of 20,068,647 shares. The stock had previously closed at $36.71.
A number of research firms have recently commented on GM. Analysts at TheStreet reiterated a “buy” rating on shares of General Motors (NYSE:GM) in a research note to investors on Wednesday, September 11th. Separately, analysts at Deutsche Bank raised their price target on shares of General Motors (NYSE:GM) from $44.00 to $46.00 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock.
Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $43.44.
In other General Motors news, Insider Canada Gen Investment Corp sold 30,000,000 shares of General Motors stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $36.65, for a total transaction of $1,099,500,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
General Motors has a 52 week low of $22.67 and a 52 week high of $37.71. The stock’s 50-day moving average is $35.56 and its 200-day moving average is $32.77. The company has a market cap of $52.016 billion and a P/E ratio of 13.15.
General Motors (NYSE:GM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.09. The company had revenue of $39.10 million for the quarter, compared to the consensus estimate of $38.37 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that General Motors will post $3.42 EPS for the current fiscal year.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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