General Motors Company (GM) Given Average Rating of “Buy” by Brokerages
General Motors Company (NYSE:GM) (TSE:GMM.U) has been given an average rating of “Buy” by the twenty-eight analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.02.
GM has been the topic of a number of analyst reports. 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, September 12th. Royal Bank Of Canada restated a “hold” rating and issued a $37.00 price target on shares of General Motors in a research note on Friday, July 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. Zacks Investment Research upgraded General Motors from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Wednesday, June 21st. Finally, Jefferies Group LLC restated a “buy” rating and issued a $36.00 price target on shares of General Motors in a research note on Tuesday, June 13th.
In related news, insider Alan S. Batey sold 234,274 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $38.04, for a total value of $8,911,782.96. Following the completion of the sale, the insider now owns 67,548 shares in the company, valued at $2,569,525.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jane L. Mendillo acquired 1,440 shares of General Motors stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of $34.86 per share, with a total value of $50,198.40. Following the transaction, the director now owns 4,560 shares of the company’s stock, valued at $158,961.60. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 614,947 shares of company stock valued at $22,402,528. 0.04% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in GM. Waldron LP lifted its position in General Motors by 13.6% in the first quarter. Waldron LP now owns 8,132 shares of the auto manufacturer’s stock valued at $287,000 after purchasing an additional 975 shares during the period. British Columbia Investment Management Corp lifted its position in General Motors by 0.3% in the first quarter. British Columbia Investment Management Corp now owns 548,500 shares of the auto manufacturer’s stock valued at $19,395,000 after purchasing an additional 1,379 shares during the period. Meadow Creek Investment Management LLC lifted its position in General Motors by 170.3% in the first quarter. Meadow Creek Investment Management LLC now owns 202,742 shares of the auto manufacturer’s stock valued at $7,169,000 after purchasing an additional 127,738 shares during the period. Teza Capital Management LLC acquired a new stake in General Motors in the first quarter valued at about $696,000. Finally, Morningstar Investment Services LLC lifted its position in General Motors by 8.6% in the first quarter. Morningstar Investment Services LLC now owns 219,702 shares of the auto manufacturer’s stock valued at $7,769,000 after purchasing an additional 17,490 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.
General Motors (NYSE GM) opened at 39.42 on Friday. The stock has a market capitalization of $57.44 billion, a P/E ratio of 6.85 and a beta of 1.44. General Motors has a 52 week low of $30.21 and a 52 week high of $39.54. The company’s 50-day moving average price is $36.19 and its 200 day moving average price is $35.09.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $36.98 billion for the quarter, compared to analysts’ expectations of $37.67 billion. During the same period last year, the firm earned $1.86 earnings per share. General Motors’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts expect that General Motors will post $6.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. General Motors’s payout ratio is currently 26.48%.
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.
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