General Motors (NYSE:GM) Receives $61.17 Average Target Price from Analysts

General Motors (NYSE:GM) (TSE:GMM.U) has been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $61.17.

A number of research analysts have weighed in on the company. StockNews.com upgraded General Motors from a “hold” rating to a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and boosted their price target for the stock from $56.00 to $60.00 in a research report on Tuesday, January 21st. Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price target on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd.

General Motors Stock Down 8.8 %

GM opened at $50.07 on Friday. The company has a market cap of $55.06 billion, a P/E ratio of 5.34, a P/E/G ratio of 0.38 and a beta of 1.42. The business’s 50-day moving average price is $53.14 and its 200-day moving average price is $49.95. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. General Motors has a 12 month low of $34.93 and a 12 month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. On average, equities analysts expect that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, March 7th. General Motors’s payout ratio is currently 5.12%.

Insider Transactions at General Motors

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now directly owns 126,907 shares in the company, valued at $7,000,190.12. This trade represents a 49.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 514,344 shares of company stock valued at $28,977,691. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors during the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new stake in General Motors during the 4th quarter valued at about $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in General Motors during the 4th quarter valued at about $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in General Motors during the 2nd quarter valued at about $25,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in General Motors during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.