General Motors (GM) Receives Average Rating of “Buy” from Analysts

Shares of General Motors (NYSE:GM) (TSE:GMM.U) have been given a consensus recommendation of “Buy” by the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $48.29.

A number of brokerages have recently weighed in on GM. Nomura set a $42.00 price objective on shares of General Motors and gave the company a “hold” rating in a report on Thursday, May 2nd. Seaport Global Securities began coverage on shares of General Motors in a report on Wednesday, February 13th. They issued a “buy” rating on the stock. Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price objective on shares of General Motors in a report on Tuesday, March 26th. Zacks Investment Research lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Citigroup raised their price objective on shares of General Motors to $67.00 and gave the company a “buy” rating in a report on Friday, February 8th.

In related news, VP Christopher Hatto sold 8,499 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $40.00, for a total value of $339,960.00. Following the transaction, the vice president now directly owns 10,040 shares of the company’s stock, valued at approximately $401,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Wesley G. Bush bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average cost of $38.58 per share, for a total transaction of $385,800.00. The disclosure for this purchase can be found here. Company insiders own 0.51% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Econ Financial Services Corp grew its position in General Motors by 3.3% during the 1st quarter. Econ Financial Services Corp now owns 8,164 shares of the auto manufacturer’s stock worth $303,000 after purchasing an additional 264 shares during the last quarter. Squar Milner Financial Services LLC grew its position in General Motors by 4.5% during the 1st quarter. Squar Milner Financial Services LLC now owns 6,412 shares of the auto manufacturer’s stock worth $237,000 after purchasing an additional 275 shares during the last quarter. Cedar Brook Financial Partners LLC grew its position in General Motors by 4.2% during the 1st quarter. Cedar Brook Financial Partners LLC now owns 6,827 shares of the auto manufacturer’s stock worth $253,000 after purchasing an additional 276 shares during the last quarter. Zions Bancorporation N.A. grew its position in General Motors by 11.1% during the 1st quarter. Zions Bancorporation N.A. now owns 2,906 shares of the auto manufacturer’s stock worth $108,000 after purchasing an additional 290 shares during the last quarter. Finally, BerganKDV Wealth Management LLC grew its position in General Motors by 21.0% during the 4th quarter. BerganKDV Wealth Management LLC now owns 1,726 shares of the auto manufacturer’s stock worth $58,000 after purchasing an additional 300 shares during the last quarter. 77.34% of the stock is currently owned by institutional investors.

General Motors stock traded up $0.16 during mid-day trading on Thursday, reaching $37.13. 8,153,119 shares of the company’s stock were exchanged, compared to its average volume of 9,351,907. The firm has a market cap of $52.66 billion, a PE ratio of 5.68, a price-to-earnings-growth ratio of 0.63 and a beta of 1.27. General Motors has a twelve month low of $30.56 and a twelve month high of $45.00. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.65.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 30th. The auto manufacturer reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.32. General Motors had a net margin of 6.26% and a return on equity of 22.67%. The company had revenue of $34.88 billion for the quarter, compared to analyst estimates of $35.56 billion. During the same period in the prior year, the business earned $1.43 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts anticipate that General Motors will post 6.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Thursday, June 6th. General Motors’s dividend payout ratio (DPR) is 23.24%.

General Motors Company Profile

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

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Analyst Recommendations for General Motors (NYSE:GM)

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