General Motors Company Stock Rating Reaffirmed by Citigroup Inc. (GM)
General Motors Company (NYSE:GM)‘s stock had its “buy” rating reiterated by research analysts at Citigroup Inc. in a report released on Tuesday. They currently have a $48.00 target price on the stock, up from their previous target price of $47.00. Citigroup Inc.’s price objective suggests a potential upside of 28.24% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of General Motors Company in a research note on Thursday, June 26th. They now have a $33.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of General Motors Company in a research note on Friday, June 6th. They now have a $38.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.44.
General Motors Company (NYSE:GM) traded up 0.67% on Tuesday, hitting $37.68. The stock had a trading volume of 3,530,081 shares. General Motors Company has a one year low of $31.70 and a one year high of $41.85. The stock’s 50-day moving average is $36.78 and its 200-day moving average is $35.. The company has a market cap of $60.428 billion and a price-to-earnings ratio of 19.99.
General Motors Company (NYSE:GM) last announced its earnings results on Thursday, April 24th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.23. The company had revenue of $37.40 billion for the quarter, compared to the consensus estimate of $38.43 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that General Motors Company will post $2.86 earnings per share for the current fiscal year.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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