General Motors Given Buy Rating at TheStreet (GM)
General Motors (NYSE:GM)‘s stock had its “buy” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on Thursday, Stock Ratings Network reports.
The analysts wrote, “General Motors (GM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other analysts have also recently weighed in on GM. 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. Separately, analysts at Zacks reiterated a “neutral” rating on shares of General Motors (NYSE:GM) in a research note to investors on Monday, July 29th. They now have a $39.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of General Motors (NYSE:GM) from $36.00 to $38.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $44.00.
General Motors (NYSE:GM) traded down 0.51% on Thursday, hitting $36.99. 7,250,655 shares of the company’s stock traded hands. General Motors has a one year low of $22.67 and a one year high of $37.97. The stock has a 50-day moving average of $35.70 and a 200-day moving average of $33.15. The company has a market cap of $51.199 billion and a P/E ratio of 13.32. General Motors also saw unusually large options trading activity on Monday. Stock investors bought 13,136 put options on the stock. This is an increase of 112% compared to the average volume of 6,210 put options.
General Motors (NYSE:GM) last issued its quarterly earnings data 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 last year, the company posted $0.90 earnings per share. General Motors’s revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that General Motors will post $3.42 earnings per share for the current fiscal year.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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