General Motors Rating Reiterated by TheStreet (GM)
General Motors (NYSE:GM)‘s stock had its “buy” rating restated by stock analysts at TheStreet in a report issued on Friday, Analyst Ratings Net 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.”
General Motors (NYSE:GM) traded up 0.40% during mid-day trading on Friday, hitting $34.99. The stock had a trading volume of 4,084,952 shares. 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 $35.79 and a 200-day moving average of $33.68. The company has a market cap of $48.431 billion and a P/E ratio of 12.48.
General Motors (NYSE:GM) last announced its earnings results 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. Analysts expect that General Motors will post $3.43 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of General Motors from $46.00 to $50.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. 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 analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently 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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