General Motors (NYSE:GM) Receives Average Recommendation of “Hold” from Analysts

Shares of General Motors (NYSE:GM) (TSE:GMM.U) have earned a consensus rating of “Hold” from the twenty-two ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $58.70.

Several research firms have issued reports on GM. UBS Group lifted their price objective on General Motors from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $53.00 price target on shares of General Motors in a research note on Tuesday, September 10th. Barclays increased their price objective 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. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research report on Wednesday, December 11th. Finally, Wedbush increased their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the sale, the chief executive officer now directly owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock worth $56,509,286 in the last three months. 0.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On General Motors

Several hedge funds have recently made changes to their positions in GM. Allworth Financial LP lifted its holdings in shares of General Motors by 2.3% during the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock valued at $412,000 after purchasing an additional 205 shares during the last quarter. Avestar Capital LLC lifted its stake in General Motors by 2.3% during the third quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock valued at $430,000 after buying an additional 213 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of General Motors by 7.9% in the third quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock worth $131,000 after buying an additional 213 shares during the period. Metis Global Partners LLC boosted its holdings in shares of General Motors by 0.6% in the third quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer’s stock worth $1,625,000 after buying an additional 230 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of General Motors by 4.9% during the second quarter. Farther Finance Advisors LLC now owns 5,002 shares of the auto manufacturer’s stock valued at $234,000 after acquiring an additional 233 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

GM stock opened at $53.27 on Wednesday. The stock has a 50-day simple moving average of $53.96 and a 200-day simple moving average of $49.25. The firm has a market cap of $58.58 billion, a P/E ratio of 5.68, a price-to-earnings-growth ratio of 0.39 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. General Motors has a 1 year low of $34.32 and a 1 year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same quarter last year, the firm posted $2.28 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities analysts predict that General Motors will post 10.35 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, December 6th. General Motors’s dividend payout ratio (DPR) is 5.12%.

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.