General Motors (GM) Receives Average Recommendation of “Hold” from Brokerages
Shares of General Motors (NYSE:GM) (TSE:GMM.U) have earned a consensus rating of “Hold” from the twenty-nine research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $43.32.
Several analysts recently issued reports on GM shares. Instinet reissued a “buy” rating and issued a $43.00 price target on shares of General Motors in a report on Tuesday, October 3rd. Bank of America raised General Motors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.00 to $57.00 in a report on Tuesday, October 3rd. Deutsche Bank reissued a “buy” rating and issued a $51.00 price target on shares of General Motors in a report on Monday, October 2nd. Citigroup reissued a “buy” rating and issued a $53.00 price target on shares of General Motors in a report on Monday, October 2nd. Finally, BidaskClub raised General Motors from a “hold” rating to a “buy” rating in a report on Thursday, August 17th.
In related news, President Daniel Ammann sold 50,000 shares of General Motors stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $38.00, for a total value of $1,900,000.00. Following the transaction, the president now directly owns 185,953 shares in the company, valued at approximately $7,066,214. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas S. Timko sold 44,791 shares of General Motors stock in a transaction on Friday, October 27th. The stock was sold at an average price of $44.46, for a total value of $1,991,407.86. Following the completion of the transaction, the chief accounting officer now owns 66,838 shares in the company, valued at $2,971,617.48. The disclosure for this sale can be found here. Insiders sold a total of 1,021,565 shares of company stock worth $42,801,037 over the last 90 days. Insiders own 0.04% of the company’s stock.
Shares of General Motors (NYSE GM) opened at $42.15 on Thursday. General Motors has a 12 month low of $31.92 and a 12 month high of $46.76. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $61,148.57, a P/E ratio of 6.95, a price-to-earnings-growth ratio of 0.75 and a beta of 1.54.
General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The company had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. During the same quarter last year, the business posted $1.72 EPS. General Motors’s quarterly revenue was down 16.6% compared to the same quarter last year. equities research analysts forecast that General Motors will post 6.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 8th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Thursday, December 7th. General Motors’s payout ratio is 77.95%.
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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.
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