JPMorgan Chase & Co. Issues Positive Forecast for General Motors (NYSE:GM) Stock Price

General Motors (NYSE:GM) (TSE:GMM.U) had its price objective upped by JPMorgan Chase & Co. from $98.00 to $110.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the auto manufacturer’s stock.

A number of other research analysts also recently issued reports on GM. Barclays reduced their price target on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a research note on Wednesday, March 25th. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of General Motors in a report on Monday, May 11th. TD Cowen boosted their price objective on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Citigroup upped their price target on shares of General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.13.

General Motors Trading Up 0.2%

GM opened at $76.21 on Wednesday. The stock has a market capitalization of $68.71 billion, a PE ratio of 30.73, a P/E/G ratio of 0.38 and a beta of 1.31. The firm’s fifty day moving average price is $78.93 and its 200 day moving average price is $79.17. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. General Motors has a 12-month low of $48.87 and a 12-month high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same period last year, the business posted $2.78 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, research analysts expect that General Motors will post 12.85 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.18 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s payout ratio is 29.03%.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 215,391 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total value of $17,233,433.91. Following the completion of the sale, the chief executive officer directly owned 770,491 shares of the company’s stock, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at $2,192,490. The trade was a 21.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 697,388 shares of company stock valued at $57,752,596. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On General Motors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC bought a new stake in shares of General Motors in the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC raised its position in General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 275 shares in the last quarter. SouthState Bank Corp raised its position in General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 177 shares in the last quarter. Evergreen Advisors LLC acquired a new stake in General Motors in the first quarter valued at approximately $26,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in General Motors in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Key General Motors News

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: JPMorgan raised its price target on General Motors and kept an overweight rating, reinforcing expectations for a recovery in the stock. Article Title
• Positive Sentiment: GM reported its third straight profitable quarter in China, which points to improving consistency in a key overseas market. Article Title
• Positive Sentiment: GM’s Grid-integrated EV charging and home energy partnership with WeaveGrid supports its long-term EV and vehicle-to-grid strategy. Article Title
• Neutral Sentiment: GM-backed Momenta completed a Hong Kong IPO, keeping GM’s autonomous-driving investments in focus but not directly changing GM’s near-term fundamentals. Article Title
• Negative Sentiment: GM recalled every Cadillac Vistiq it has built, adding to quality-control concerns and potential near-term costs. Article Title
• Negative Sentiment: A report that a GM Arlington plant employee was shot by a coworker is a reputationally negative headline, though it is unlikely to have a lasting financial impact unless more details emerge. Article Title

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.