General Motors (GM) Price Target Raised to $44.00

General Motors (NYSE:GM) (TSE:GMM.U) had its price objective upped by analysts at Morgan Stanley from $43.00 to $44.00 in a note issued to investors on Wednesday. The brokerage presently has an “equal weight” rating on the auto manufacturer’s stock. Morgan Stanley’s price target would indicate a potential upside of 5.24% from the company’s current price.

Several other brokerages have also recently issued reports on GM. Royal Bank of Canada upped their target price on 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 General Motors to a “market perform” rating and upped their target price for the company from $41.00 to $48.00 in a report on Wednesday, October 25th. Craig Hallum set a $45.00 target price on General Motors and gave the company a “hold” rating in a report on Wednesday, October 25th. Deutsche Bank upped their target price on General Motors from $51.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Piper Jaffray Companies set a $51.00 price target on General Motors and gave the stock a “buy” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $44.44.

Shares of General Motors (NYSE GM) traded up $0.41 during trading hours on Wednesday, reaching $41.81. The company’s stock had a trading volume of 10,269,495 shares, compared to its average volume of 14,460,000. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.86. The stock has a market cap of $59,390.00, a PE ratio of 8.12, a P/E/G ratio of 0.67 and a beta of 1.59. General Motors has a 12 month low of $31.92 and a 12 month high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results 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. The company 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 firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 EPS. analysts predict that General Motors will post 6.25 EPS for the current year.

In related news, EVP Stefan Jacoby sold 37,961 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $42.87, for a total transaction of $1,627,388.07. Following the transaction, the executive vice president now owns 98,340 shares of the company’s stock, valued at approximately $4,215,835.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total value of $2,269,935.00. Following the transaction, the insider now directly owns 57,091 shares in the company, valued at approximately $2,569,095. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,847 shares of company stock worth $8,793,908. 0.04% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Icon Wealth Partners LLC acquired a new stake in General Motors in the 4th quarter valued at about $106,000. Fieldpoint Private Securities LLC acquired a new stake in General Motors in the 3rd quarter valued at about $119,000. Cerebellum GP LLC acquired a new stake in General Motors in the 4th quarter valued at about $123,000. Independence Bank of Kentucky acquired a new stake in General Motors in the 4th quarter valued at about $129,000. Finally, Stumpf Capital Management LLC acquired a new stake in General Motors in the 4th quarter valued at about $131,000. 73.38% of the stock is currently owned by hedge funds and other institutional investors.

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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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