General Motors (GM) Receives Average Rating of “Hold” from Analysts

Shares of General Motors (NYSE:GM) (TSE:GMM.U) have earned an average rating of “Hold” from the twenty-nine ratings firms that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $43.25.

GM has been the topic of several analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 target price on shares of General Motors in a report on Tuesday, September 12th. Vetr downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $43.99 price objective on the stock. in a report on Monday, November 13th. Citigroup reissued a “buy” rating and set a $53.00 price objective on shares of General Motors in a report on Monday, October 2nd. Cascend Securities downgraded shares of General Motors to a “buy” rating in a report on Tuesday, December 5th. Finally, Standpoint Research downgraded shares of General Motors from a “buy” rating to a “hold” rating in a report on Thursday, September 14th.

In related news, EVP Stefan Jacoby sold 37,961 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $42.87, for a total transaction of $1,627,388.07. Following the completion of the transaction, the executive vice president now owns 98,340 shares of the company’s stock, valued at $4,215,835.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alicia S. Boler-Davis sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. The disclosure for this sale can be found here. Insiders have sold 532,298 shares of company stock valued at $23,565,437 in the last ninety days. 0.04% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GM. YorkBridge Wealth Partners LLC grew its stake in General Motors by 43.5% during the second 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 period. Fieldpoint Private Securities LLC purchased a new stake in General Motors during the third quarter worth approximately $119,000. Ffcm LLC grew its stake in General Motors by 2,008.1% during the second 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 period. Ropes Wealth Advisors LLC grew its stake in General Motors by 240.2% during the second 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 period. Finally, Fayez Sarofim & Co. purchased a new stake in General Motors during the third quarter worth approximately $202,000. Institutional investors own 73.01% of the company’s stock.

Shares of General Motors (NYSE:GM) opened at $40.99 on Monday. The firm has a market cap of $58,780.00, a PE ratio of 8.87, a PEG ratio of 0.71 and a beta of 1.54. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.25. The business had revenue of $30.48 billion for the quarter, compared to the consensus estimate of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 earnings per share. sell-side analysts expect that General Motors will post 6.25 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, December 8th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is 32.90%.

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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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