General Motors Given “Buy” Rating at TheStreet (GM)
General Motors (NYSE:GM)‘s stock had its “buy” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on Thursday, StockRatingsNetwork 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, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other analysts have also recently weighed in on GM. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of General Motors in a research note to investors on Wednesday. Separately, analysts at ISI Group initiated coverage on shares of General Motors in a research note to investors on Monday. They set a “hold” rating and a $45.00 price target on the stock. Finally, 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. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $47.57.
General Motors (NYSE:GM) opened at 39.305 on Thursday. General Motors has a 52 week low of $26.19 and a 52 week high of $41.85. The stock has a 50-day moving average of $40.21 and a 200-day moving average of $37.05. The company has a market cap of $54.594 billion and a P/E ratio of 16.74. General Motors also was the recipient of some unusual options trading on Wednesday. Investors acquired 121,870 call options on the stock. This is an increase of approximately 134% compared to the typical daily volume of 52,010 call 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 $3.40 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Friday, March 28th. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.30 per share. The ex-dividend date of this dividend is Friday, March 14th.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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