General Motors (NYSE:GM) (TSE:GMM.U) was downgraded by equities researchers at Cascend Securities to a “buy” rating in a report released on Tuesday.

GM has been the topic of several other reports. Vetr cut shares of General Motors from a “strong-buy” rating to a “hold” rating and set a $43.99 price objective on the stock. in a research note on Monday. Barclays reaffirmed an “overweight” rating and set a $57.00 price objective (up from $55.00) on shares of General Motors in a research note on Friday, December 1st. Morgan Stanley reaffirmed a “hold” rating and set a $43.00 price objective on shares of General Motors in a research note on Tuesday, November 28th. Bank of America reaffirmed a “buy” rating and set a $57.00 price objective on shares of General Motors in a research note on Tuesday, November 28th. Finally, Guggenheim raised shares of General Motors from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $43.70.

General Motors (NYSE GM) traded down $0.25 during midday trading on Tuesday, reaching $42.80. 11,301,400 shares of the company were exchanged, compared to its average volume of 13,474,719. The company has a market capitalization of $61,148.57, a PE ratio of 6.95, a P/E/G ratio of 0.75 and a beta of 1.54. General Motors has a twelve month low of $31.92 and a twelve month high of $46.76. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.25. The business had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 earnings per share. equities analysts predict that General Motors will post 6.24 EPS for the current year.

In related news, CAO Thomas S. Timko sold 44,791 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the sale, the chief accounting officer now directly owns 66,838 shares in the company, valued at $2,971,617.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Charles K. Stevens III sold 265,458 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $44.49, for a total transaction of $11,810,226.42. Following the sale, the chief financial officer now owns 326,510 shares in the company, valued at $14,526,429.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 971,122 shares of company stock worth $40,627,952. Company insiders own 0.04% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in GM. YorkBridge Wealth Partners LLC lifted its stake in shares of General Motors by 43.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,838 shares of the auto manufacturer’s stock worth $101,000 after buying an additional 860 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of General Motors by 10.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after buying an additional 310 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of General Motors during the 3rd quarter worth about $119,000. Ffcm LLC lifted its stake in shares of General Motors by 2,008.1% during the 2nd quarter. Ffcm LLC now owns 3,373 shares of the auto manufacturer’s stock worth $120,000 after buying an additional 3,213 shares during the last quarter. Finally, Ropes Wealth Advisors LLC lifted its stake in shares of General Motors by 240.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 4,600 shares of the auto manufacturer’s stock worth $161,000 after buying an additional 3,248 shares during the last quarter. 73.06% of the stock is owned by institutional investors and hedge funds.

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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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