General Motors Receives “Buy” Rating from 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 Friday, 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.”
General Motors (NYSE:GM) traded up 1.32% on Friday, hitting $35.36. The stock had a trading volume of 10,860,014 shares. 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 $38.56 and a 200-day moving average of $37.19. The company has a market cap of $50.848 billion and a P/E ratio of 14.66.
General Motors (NYSE:GM) last released its earnings data on Thursday, February 6th. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.21. The company had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.89 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that General Motors will post $3.93 EPS for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Friday, March 28th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, March 14th.
A number of other analysts have also recently weighed in on GM. Analysts at UBS AG downgraded shares of General Motors from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. They now have a $28,000.00 price target on the stock, up previously from $7,500.00. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of General Motors in a research note on Friday, January 24th. They now have a $49.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of General Motors from $55.00 to $52.00 in a research note on Thursday, January 16th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.00.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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