General Motors (NYSE:GM) (TSE:GMM.U) had its target price hoisted by research analysts at BMO Capital Markets to $47.00 in a research report issued on Monday, The Fly reports. The firm presently has an “outperform” rating on the auto manufacturer’s stock. BMO Capital Markets’ price target points to a potential upside of 24.80% from the company’s current price.
A number of other equities analysts have also weighed in on the company. Buckingham Research set a $34.00 price target on General Motors and gave the company a “hold” rating in a research report on Friday. Zacks Investment Research upgraded General Motors from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research report on Tuesday, January 8th. Barclays set a $48.00 price target on General Motors and gave the company a “buy” rating in a research report on Friday, January 4th. Deutsche Bank assumed coverage on General Motors in a research report on Thursday, December 13th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. increased their price target on General Motors from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $45.68.
NYSE:GM opened at $37.66 on Monday. The stock has a market cap of $52.48 billion, a P/E ratio of 5.69, a PEG ratio of 0.75 and a beta of 1.22. General Motors has a 52-week low of $30.56 and a 52-week high of $45.52. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.62. General Motors had a return on equity of 25.81% and a net margin of 0.56%. The business had revenue of $35.79 billion during the quarter, compared to analyst estimates of $34.85 billion. During the same quarter last year, the company posted $1.32 EPS. General Motors’s revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts anticipate that General Motors will post 6.27 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd bought a new position in shares of General Motors in the 2nd quarter valued at approximately $115,000. TRUE Private Wealth Advisors acquired a new stake in General Motors in the 3rd quarter valued at $106,000. Patriot Financial Group Insurance Agency LLC boosted its stake in General Motors by 365.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,672 shares of the auto manufacturer’s stock valued at $124,000 after buying an additional 2,883 shares in the last quarter. Camarda Financial Advisors LLC boosted its stake in General Motors by 543.8% in the 3rd quarter. Camarda Financial Advisors LLC now owns 4,088 shares of the auto manufacturer’s stock valued at $138,000 after buying an additional 3,453 shares in the last quarter. Finally, Cerebellum GP LLC boosted its stake in General Motors by 151.6% in the 3rd quarter. Cerebellum GP LLC now owns 5,377 shares of the auto manufacturer’s stock valued at $181,000 after buying an additional 3,240 shares in the last quarter. Hedge funds and other institutional investors own 75.65% of the company’s stock.
General Motors Company Profile
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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