General Motors Receives Buy Rating from Deutsche Bank (GM)
General Motors (NYSE:GM)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Wednesday, Analyst Ratings.Net reports.
Shares of General Motors (NYSE:GM) traded up 3.85% on Wednesday, hitting $37.45. 19,530,884 shares of the company’s stock traded hands. General Motors has a 52-week low of $20.86 and a 52-week high of $37.71. The stock’s 50-day moving average is $35.57 and its 200-day moving average is $32.56. The company has a market cap of $51.836 billion and a price-to-earnings ratio of 12.92. General Motors also was the target of some unusual options trading activity on Tuesday. Stock traders bought 36,740 put options on the stock. This is an increase of 173% compared to the average volume of 13,450 put options.
General Motors (NYSE:GM) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $39.00 billion for the quarter, compared to the consensus estimate of $39.50 billion. 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 3.7% 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.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of General Motors from $49.00 to $51.00 in a research note to investors on Monday, October 21st. They now have an “overweight” rating on the stock. Separately, analysts at Barclays raised their price target on shares of General Motors from $48.00 to $49.00 in a research note to investors on Wednesday, October 16th. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of General Motors in a research note to investors on Tuesday, October 15th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.64.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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