General Motors Target of Unusually High Options Trading (GM)
General Motors (NYSE:GM) saw some unusual options trading on Friday. Investors purchased 103,394 call options on the stock, Stock Ratings Network.com reports. This is an increase of 128% compared to the average volume of 45,440 call options.
A number of research firms have recently commented on GM. Analysts at TheStreet reiterated a “buy” rating on shares of General Motors in a research note to investors on Monday, December 23rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of General Motors in a research note to investors on Monday, December 16th. They now have a $42.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of General Motors from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $47.57.
General Motors (NYSE:GM) traded down 3.37% on Friday, hitting $39.57. 41,427,128 shares of the company’s stock traded hands. General Motors has a one year low of $26.19 and a one year high of $41.85. The stock has a 50-day moving average of $39.68 and a 200-day moving average of $36.56. The company has a market cap of $54.962 billion and a P/E ratio of 17.41.
General Motors (NYSE:GM) last announced its 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.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.