General Motors Price Target Increased to $52.00 by Analysts at UBS AG (GM)
Equities researchers at UBS AG boosted their price target on shares of General Motors (NYSE:GM) from $49.00 to $52.00 in a research report issued on Friday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target would indicate a potential upside of 44.00% from the stock’s previous close.
General Motors (NYSE:GM) traded up 2.50% during mid-day trading on Friday, hitting $36.11. 31,327,172 shares of the company’s stock traded hands. General Motors has a 1-year low of $26.19 and a 1-year high of $41.85. The stock has a 50-day moving average of $38.87 and a 200-day moving average of $37.2. The company has a market cap of $50.156 billion and a price-to-earnings ratio of 14.98.
General Motors (NYSE:GM) last announced its earnings results on Thursday, February 6th. The company reported $0.67 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.48 earnings per share. General Motors’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that General Motors will post $4.12 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Friday, March 28th. Investors of record on Tuesday, March 18th will be paid a dividend of 0.30 per share. The ex-dividend date is Friday, March 14th.
GM has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of General Motors in a research note to investors on Friday, January 31st. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of General Motors in a research note to investors 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 to investors 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 stock. General Motors presently has a consensus rating of “Buy” and a consensus target price of $47.00.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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