General Motors Company (NYSE:GM) (TSE:GMM.U) was downgraded by research analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, MarketBeat.com reports.

A number of other equities analysts also recently issued reports on GM. Berenberg Bank set a $31.00 price target on General Motors and gave the stock a “sell” rating in a research note on Monday, August 14th. Buckingham Research restated a “neutral” rating and issued a $33.00 price target on shares of General Motors in a research note on Friday, September 8th. BidaskClub upgraded General Motors from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded General Motors from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $44.00 price target on shares of General Motors in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.97.

Shares of General Motors (NYSE:GM) traded up 1.60% during mid-day trading on Thursday, hitting $38.82. The company’s stock had a trading volume of 17,528,616 shares. The stock’s 50 day moving average price is $35.95 and its 200 day moving average price is $35.09. The company has a market cap of $56.57 billion, a price-to-earnings ratio of 6.75 and a beta of 1.44. General Motors has a 52-week low of $30.21 and a 52-week high of $39.18.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The business had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. During the same period last year, the business posted $1.86 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. Equities analysts forecast that General Motors will post $6.13 EPS for the current year.

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In other news, President Daniel Ammann sold 40,000 shares of General Motors stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $36.00, for a total value of $1,440,000.00. Following the sale, the president now directly owns 235,953 shares of the company’s stock, valued at $8,494,308. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas S. Timko sold 17,255 shares of General Motors stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $35.79, for a total value of $617,556.45. Following the completion of the sale, the vice president now directly owns 26,100 shares in the company, valued at $934,119. The disclosure for this sale can be found here. Over the last three months, insiders have sold 330,673 shares of company stock worth $11,590,746. Insiders own 0.04% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of General Motors by 4.0% in the second quarter. Vanguard Group Inc. now owns 93,414,041 shares of the auto manufacturer’s stock worth $3,262,952,000 after purchasing an additional 3,560,717 shares during the last quarter. BlackRock Inc. increased its holdings in shares of General Motors by 1.1% in the second quarter. BlackRock Inc. now owns 78,753,259 shares of the auto manufacturer’s stock worth $2,750,849,000 after purchasing an additional 850,211 shares during the last quarter. State Street Corp increased its holdings in shares of General Motors by 3.9% in the first quarter. State Street Corp now owns 60,423,820 shares of the auto manufacturer’s stock worth $2,136,563,000 after purchasing an additional 2,252,866 shares during the last quarter. Berkshire Hathaway Inc. increased its holdings in shares of General Motors by 20.0% in the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after purchasing an additional 10,000,000 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of General Motors by 5.0% in the second quarter. Capital World Investors now owns 31,327,192 shares of the auto manufacturer’s stock worth $1,094,259,000 after purchasing an additional 1,500,500 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Company Profile

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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