General Motors Company Given Consensus Recommendation of “Buy” by Brokerages (NYSE:GM)
General Motors Company (NYSE:GM) has been given a consensus rating of “Buy” by the twenty brokerages that are presently covering the stock, AnalystRatings.Net reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $40.84.
A number of analysts have recently weighed in on GM shares. Analysts at Credit Suisse initiated coverage on shares of General Motors Company in a research note on Wednesday, August 13th. They set an “underperform” rating and a $33.30 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, July 25th. They now have a $38.00 price target on the stock. Finally, analysts at Credit Agricole downgraded shares of General Motors Company from a “buy” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $40.00 price target on the stock, down previously from $45.00.
General Motors Company (NYSE:GM) opened at 34.60 on Monday. General Motors Company has a one year low of $31.70 and a one year high of $41.85. The stock has a 50-day moving average of $35.49 and a 200-day moving average of $35.2. The company has a market cap of $55.522 billion and a price-to-earnings ratio of 28.97.
General Motors Company (NYSE:GM) last announced its earnings results on Thursday, July 24th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.95 by $0.37. The company had revenue of $39.60 billion for the quarter, compared to the consensus estimate of $40.63 billion. During the same quarter last year, the company posted $0.84 earnings per share. General Motors Company’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that General Motors Company will post $2.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Monday, September 8th.
In other General Motors Company news, Insider Stephen J. Girsky unloaded 13,504 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $33.83, for a total transaction of $456,840.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally.
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