General Motors Company (NYSE:GM) (TSE:GMM.U) had its target price hoisted by Royal Bank Of Canada from $37.00 to $38.00 in a note issued to investors on Wednesday. The brokerage presently has a “sector perform” rating on the auto manufacturer’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 6.83% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Bank of America Corporation reiterated a “buy” rating and issued a $40.00 target price (down previously from $44.00) on shares of General Motors in a research report on Friday, June 16th. BidaskClub upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $36.00 target price on shares of General Motors in a research report on Tuesday, June 13th. Nomura reiterated a “buy” rating and issued a $47.00 target price on shares of General Motors in a research report on Tuesday, May 2nd. Finally, UBS AG reiterated a “buy” rating and issued a $40.00 target price (up previously from $38.00) on shares of General Motors in a research report on Friday, April 14th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.54.

General Motors (NYSE:GM) traded up 0.0405% during mid-day trading on Wednesday, reaching $35.5844. 7,519,900 shares of the company were exchanged. The stock has a market capitalization of $53.70 billion, a P/E ratio of 5.5042 and a beta of 1.45. General Motors has a 12 month low of $29.82 and a 12 month high of $38.55. The company’s 50 day moving average price is $35.00 and its 200-day moving average price is $35.28. General Motors also was the target of unusually large options trading activity on Monday. Stock traders acquired 26,435 put options on the company. This is an increase of approximately 328% compared to the typical daily volume of 6,179 put options.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.17. The firm had revenue of $36.98 billion during the quarter, compared to analyst estimates of $37.67 billion. General Motors had a net margin of 5.92% and a return on equity of 22.82%. General Motors’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS. On average, equities analysts expect that General Motors will post $6.07 earnings per share for the current fiscal year.

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In related news, insider Stefan Jacoby sold 2,686 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $33.85, for a total transaction of $90,921.10. Following the transaction, the insider now owns 80,379 shares of the company’s stock, valued at $2,720,829.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark L. Reuss sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $33.35, for a total transaction of $2,501,250.00. Following the transaction, the insider now directly owns 133,052 shares in the company, valued at approximately $4,437,284.20. The disclosure for this sale can be found here. Insiders sold 139,158 shares of company stock valued at $4,643,312 over the last three months. 0.04% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of GM. Pekin Singer Strauss Asset Management IL raised its position in shares of General Motors by 3.1% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 63,330 shares of the auto manufacturer’s stock valued at $2,206,000 after buying an additional 1,912 shares during the last quarter. IFC Holdings Incorporated FL raised its position in shares of General Motors by 83.3% in the first quarter. IFC Holdings Incorporated FL now owns 32,031 shares of the auto manufacturer’s stock valued at $1,141,000 after buying an additional 14,559 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of General Motors by 29.5% in the first quarter. Suntrust Banks Inc. now owns 226,531 shares of the auto manufacturer’s stock valued at $8,008,000 after buying an additional 51,539 shares during the last quarter. Pegasus Partners Ltd. raised its position in shares of General Motors by 2.6% in the fourth quarter. Pegasus Partners Ltd. now owns 21,531 shares of the auto manufacturer’s stock valued at $750,000 after buying an additional 536 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its position in shares of General Motors by 9.9% in the first quarter. Mosaic Family Wealth LLC now owns 10,025 shares of the auto manufacturer’s stock valued at $354,000 after buying an additional 900 shares during the last quarter. 73.52% of the stock is currently owned by hedge funds and other institutional investors.

About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Analyst Recommendations for General Motors (NYSE:GM)

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