General Motors (GM) – Analysts’ Weekly Ratings Updates

General Motors (NYSE: GM) recently received a number of ratings updates from brokerages and research firms:

  • 2/12/2018 – General Motors was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $40.24 price target on the stock.
  • 2/8/2018 – General Motors was given a new $45.00 price target on by analysts at Nomura. They now have a “neutral” rating on the stock.
  • 2/7/2018 – General Motors had its price target raised by analysts at Bank of America Corp from $57.00 to $60.00. They now have a “buy” rating on the stock.
  • 2/7/2018 – General Motors was given a new $34.00 price target on by analysts at Berenberg Bank. They now have a “sell” rating on the stock.
  • 2/6/2018 – General Motors was given a new $52.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 2/6/2018 – General Motors was given a new $33.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “sell” rating on the stock.
  • 2/5/2018 – General Motors was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $40.24 price target on the stock.
  • 1/26/2018 – General Motors was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $40.24 price target on the stock.
  • 1/21/2018 – General Motors had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $60.00 price target on the stock.
  • 1/9/2018 – General Motors was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “General Motors outperformed the industry it belongs to over the last six months. The company’s capital allocation strategy, initiatives to make its vehicles more advanced, safer and fuel efficient and focus on technology development are likely to benefit. Moreover, the company's focus on capital deployment is expected to boost shareholder returns. Its restructuring activities are also expected to benefit in the long run. Also, the company is raising investment in emerging markets to boost global sales. It is trying to take advantage of emerging markets growth via product launches and joint ventures.”
  • 1/9/2018 – General Motors had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $61.00 price target on the stock.
  • 1/2/2018 – General Motors was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “The Zacks Consensus Estimate of General Motors’ quarterly earnings estimate has been going down of late. The company has been facing high levels of passenger car inventory that will affect the short-term liquidity in periods of low sales. Also, high costs and unfavorable currency translation effects has forced the company to scale down or shut its manufacturing operations in some regions. Moreover, General Motors has been recalling vehicles, which is increasing its expenses and hampering the customers confidence in the brand.”
  • 1/1/2018 – General Motors was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $40.10 price target on the stock.
  • 12/29/2017 – General Motors had its price target raised by analysts at Evercore ISI from $40.00 to $41.38.
  • 12/26/2017 – General Motors was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $40.10 price target on the stock.
  • 12/20/2017 – General Motors was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $42.96 price target on the stock.
  • 12/19/2017 – General Motors was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $52.00 price target on the stock, up previously from $51.00.

General Motors (NYSE:GM) opened at $41.46 on Monday. The company has a market capitalization of $58,153.04, a P/E ratio of -14.35, a PEG ratio of 0.66 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.86. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.31. The firm had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. 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 Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, March 8th. General Motors’s dividend payout ratio (DPR) is -52.59%.

In related news, insider Barry L. Engle II sold 50,443 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the completion of the sale, the insider now directly owns 57,091 shares of the company’s stock, valued at approximately $2,459,480.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stefan Jacoby sold 37,961 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $42.87, for a total value of $1,627,388.07. Following the sale, the executive vice president now directly owns 98,340 shares of the company’s stock, valued at $4,215,835.80. The disclosure for this sale can be found here. Insiders have sold a total of 168,847 shares of company stock valued at $7,363,108 over the last three months. 0.04% of the stock is owned by corporate insiders.

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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