General Motors (GM) Given a $45.00 Price Target at Nomura

General Motors (NYSE:GM) (TSE:GMM.U) has been given a $45.00 price objective by research analysts at Nomura in a report issued on Thursday, Marketbeat.com reports. The firm currently has a “neutral” rating on the auto manufacturer’s stock. Nomura’s price objective indicates a potential upside of 10.43% from the stock’s previous close.

GM has been the topic of several other research reports. Deutsche Bank restated a “buy” rating on shares of General Motors in a report on Friday, November 17th. 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. Royal Bank of Canada upped their price objective on shares of General Motors from $44.00 to $51.00 and gave the company a “sector perform” rating in a report on Wednesday, October 25th. BMO Capital Markets upgraded shares of General Motors to a “market perform” rating and upped their price objective for the company from $41.00 to $48.00 in a report on Wednesday, October 25th. Finally, UBS Group restated a “buy” rating and set a $50.00 price objective (up previously from $39.00) on shares of General Motors in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. General Motors has an average rating of “Hold” and a consensus price target of $44.32.

General Motors (NYSE GM) traded down $1.64 during mid-day trading on Thursday, hitting $40.75. 18,029,691 shares of the company’s stock traded hands, compared to its average volume of 12,920,000. The stock has a market capitalization of $57,880.00, a price-to-earnings ratio of -1,358.33, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76. The company has a current ratio of 0.89, a quick ratio of 0.79 and a debt-to-equity ratio of 1.86.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The firm had revenue of $34.48 billion for the quarter, compared to the consensus estimate of $34.28 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. sell-side analysts expect that General Motors will post 6 EPS for the current year.

In other news, insider Mark L. Reuss sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the transaction, the insider now owns 103,052 shares in the company, valued at approximately $4,440,510.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total value of $2,269,935.00. Following the transaction, the insider now owns 57,091 shares in the company, valued at approximately $2,569,095. The disclosure for this sale can be found here. Insiders have sold a total of 168,847 shares of company stock worth $7,363,108 in the last ninety days. Corporate insiders own 0.04% of the company’s stock.

Several large investors have recently made changes to their positions in GM. Fieldpoint Private Securities LLC purchased a new position in shares of General Motors during the 3rd quarter valued at approximately $119,000. Cerebellum GP LLC purchased a new position in shares of General Motors during the 4th quarter valued at approximately $123,000. Independence Bank of Kentucky purchased a new position in shares of General Motors during the 4th quarter valued at approximately $129,000. Stumpf Capital Management LLC purchased a new position in shares of General Motors during the 4th quarter valued at approximately $131,000. Finally, Hoertkorn Richard Charles purchased a new position in shares of General Motors during the 4th quarter valued at approximately $135,000. Hedge funds and other institutional investors own 72.49% of the company’s stock.

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About General Motors

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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