General Motors PT Raised to $50.00 at Sterne Agee (GM)
Research analysts at Sterne Agee hoisted their price objective on shares of General Motors (NYSE:GM) from $46.00 to $50.00 in a report released on Thursday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Sterne Agee’s price target points to a potential upside of 43.47% from the stock’s previous close.
General Motors (NYSE:GM) traded up 2.02% on Thursday, hitting $34.85. 18,041,926 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’s 50-day moving average is $35.7 and its 200-day moving average is $33.67. The company has a market cap of $48.237 billion and a price-to-earnings ratio of 12.23.
General Motors (NYSE:GM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that General Motors will post $3.43 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Tigress Financial initiated coverage on shares of General Motors in a research note to investors on Wednesday. They set a “strong-buy” rating on the stock. Separately, 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 TheStreet reiterated a “buy” rating on shares of General Motors in a research note to investors on Wednesday, September 11th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $44.27.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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