General Motors (NYSE:GM) Stock Rating Lowered by Wall Street Zen

General Motors (NYSE:GM) (TSE:GMM.U) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

GM has been the subject of a number of other research reports. Royal Bank Of Canada lifted their price objective on shares of General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Piper Sandler set a $66.00 price target on General Motors and gave the stock a “neutral” rating in a report on Tuesday, October 21st. UBS Group boosted their price target on General Motors from $85.00 to $97.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Citigroup raised their price objective on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, TD Cowen boosted their target price on General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.76.

General Motors Stock Down 0.5%

NYSE:GM opened at $80.95 on Friday. General Motors has a twelve month low of $41.60 and a twelve month high of $83.68. The firm has a market capitalization of $75.52 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.65 and a beta of 1.31. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The stock’s 50 day moving average price is $75.00 and its two-hundred day moving average price is $62.57.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The firm’s revenue was down .3% on a year-over-year basis. During the same period last year, the business earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities research analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 15,697 shares of General Motors stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,098,790.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $840,490. This trade represents a 56.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president directly owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 284,021 shares of company stock worth $18,971,788. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Tiemann Investment Advisors LLC raised its position in shares of General Motors by 3.1% in the third quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock valued at $308,000 after buying an additional 150 shares in the last quarter. Hemington Wealth Management increased its stake in General Motors by 14.5% during the 3rd quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after acquiring an additional 154 shares during the period. Fielder Capital Group LLC raised its holdings in General Motors by 3.3% in the 3rd quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock valued at $313,000 after acquiring an additional 163 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of General Motors by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock valued at $318,000 after acquiring an additional 171 shares during the period. Finally, Sowell Financial Services LLC grew its holdings in shares of General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after purchasing an additional 195 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.