General Motors (NYSE:GM) Upgraded at StockNews.com

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Other equities analysts have also issued reports about the company. Mizuho upped their target price on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group boosted their target price on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Wedbush raised their price objective on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group boosted their target price on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.28.

General Motors Price Performance

Shares of GM opened at $49.85 on Tuesday. The company has a market capitalization of $54.82 billion, a price-to-earnings ratio of 5.31, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. General Motors has a 1 year low of $37.40 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The business has a 50-day moving average of $53.04 and a 200-day moving average of $49.95.

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

Insider Activity

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the transaction, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This represents a 49.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at $6,935,192.95. The trade was a 75.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On General Motors

A number of institutional investors have recently bought and sold shares of the stock. Creative Planning boosted its holdings in shares of General Motors by 36.2% during the 2nd quarter. Creative Planning now owns 190,247 shares of the auto manufacturer’s stock valued at $8,839,000 after buying an additional 50,543 shares in the last quarter. NewEdge Advisors LLC raised its holdings in General Motors by 51.3% in the 2nd quarter. NewEdge Advisors LLC now owns 32,915 shares of the auto manufacturer’s stock worth $1,529,000 after acquiring an additional 11,164 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new position in shares of General Motors in the second quarter worth $1,407,000. Teachers Retirement System of The State of Kentucky lifted its stake in General Motors by 469.6% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 570,775 shares of the auto manufacturer’s stock valued at $26,517,000 after acquiring an additional 470,568 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in General Motors during the second quarter valued at approximately $25,000. 92.67% of the stock is owned by institutional investors.

About General Motors

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.