General Motors Coverage Initiated at Tigress Financial (GM)
Stock analysts at Tigress Financial initiated coverage on shares of General Motors (NYSE:GM) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “strong-buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of General Motors in a research note to investors on Thursday, September 26th. Finally, analysts at Deutsche Bank raised their price target on shares of General Motors 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. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $44.00.
General Motors (NYSE:GM) traded down 0.76% during mid-day trading on Wednesday, hitting $33.95. 7,349,526 shares of the company’s stock traded hands. General Motors has a one year low of $23.19 and a one year high of $37.97. The stock has a 50-day moving average of $35. and a 200-day moving average of $33.6. The company has a market cap of $46.991 billion and a P/E ratio of 12.25.
General Motors (NYSE:GM) last released its earnings data on Thursday, July 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the 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. 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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