Analysts’ Weekly Ratings Changes for General Motors (GM)

General Motors (NYSE: GM) has recently received a number of price target changes and ratings updates:

  • 7/17/2017 – General Motors was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $37.42 price target on the stock.
  • 7/14/2017 – General Motors had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $37.00 price target on the stock.
  • 7/12/2017 – General Motors had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $44.00 price target on the stock.
  • 6/28/2017 – General Motors is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $40.00 price target on the stock.
  • 6/24/2017 – General Motors was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/21/2017 – General Motors is now covered by analysts at Guggenheim. They set a “neutral” rating and a $37.00 price target on the stock.
  • 6/21/2017 – General Motors was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock. According to Zacks, “General Motors' capital allocation strategy, initiatives to make its vehicles more advanced, safer and fuel efficient and focus on technology development are likely to benefit. Moreover, the company's focus on capital deployment is expected to boost shareholder returns. Its restructuring activities are also expected to benefit in the long run. Also, the company is raising investment in emerging markets to boost global sales. It is looking to take advantage of emerging markets growth via product launches and joint ventures. However, General Motors has underperformed the Zacks categorized Auto Manufacturers-Domestic industry over the last six months.”
  • 6/21/2017 – General Motors is now covered by analysts at CLSA. They set a “hold” rating and a $37.00 price target on the stock.
  • 6/16/2017 – General Motors had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $40.00 price target on the stock, down previously from $44.00.
  • 6/14/2017 – General Motors was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/13/2017 – General Motors had its “sell” rating reaffirmed by analysts at Berenberg Bank. They now have a $31.00 price target on the stock.
  • 6/13/2017 – General Motors is now covered by analysts at Wolfe Research. They set a “market perform” rating and a $33.00 price target on the stock.
  • 6/13/2017 – General Motors had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $36.00 price target on the stock.
  • 6/9/2017 – General Motors was upgraded by analysts at Vetr to a “strong-buy” rating.
  • 6/2/2017 – General Motors had its “neutral” rating reaffirmed by analysts at Buckingham Research.

Shares of General Motors Company (NYSE:GM) traded up 0.08% on Monday, reaching $36.38. The company’s stock had a trading volume of 10,631,687 shares. The firm has a market capitalization of $54.90 billion, a PE ratio of 5.63 and a beta of 1.45. General Motors Company has a one year low of $29.82 and a one year high of $38.55. The firm has a 50-day moving average price of $33.94 and a 200 day moving average price of $35.33.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Friday, April 28th. The auto manufacturer reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.25. The firm had revenue of $41.20 billion during the quarter, compared to analysts’ expectations of $37.38 billion. General Motors had a return on equity of 22.82% and a net margin of 5.92%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. On average, analysts anticipate that General Motors Company will post $6.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were paid a $0.38 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.52 dividend on an annualized basis and a yield of 4.18%. General Motors’s dividend payout ratio (DPR) is 23.53%.

In related news, insider John J. Quattrone sold 15,000 shares of General Motors stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $35.00, for a total value of $525,000.00. Following the completion of the transaction, the insider now owns 42,623 shares in the company, valued at approximately $1,491,805. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Karl-Thomas Neumann sold 46,472 shares of General Motors stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $32.84, for a total value of $1,526,140.48. The disclosure for this sale can be found here. Insiders sold a total of 139,158 shares of company stock valued at $4,643,312 in the last 90 days. 0.04% of the stock is currently owned by company insiders.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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