General Motors Company (GM) Downgraded by BidaskClub to Hold

General Motors Company (NYSE:GM) (TSE:GMM.U) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, July 31st.

GM has been the topic of several other research reports. Vetr lowered General Motors from a “buy” rating to a “hold” rating and set a $37.42 price objective on the stock. in a research note on Monday, July 17th. Zacks Investment Research lowered General Motors from a “hold” rating to a “strong sell” rating in a research note on Monday, July 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $37.00 target price on shares of General Motors in a research note on Friday, July 14th. ValuEngine upgraded General Motors from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $44.00 target price on shares of General Motors in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $39.26.

Shares of General Motors (NYSE GM) opened at 34.83 on Monday. The stock has a market cap of $50.75 billion, a P/E ratio of 6.06 and a beta of 1.45. The stock’s 50 day moving average is $35.49 and its 200 day moving average is $35.08. General Motors has a 12 month low of $30.13 and a 12 month high of $38.55. General Motors also was the recipient of some unusual options trading on Wednesday. Stock investors bought 13,561 call options on the stock. This is an increase of 162% compared to the average daily volume of 5,175 call options.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. General Motors had a return on equity of 22.45% and a net margin of 5.38%. The firm had revenue of $36.98 billion during the quarter, compared to analysts’ expectations of $37.67 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts predict that General Motors will post $6.13 earnings per share for the current fiscal year.

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In other General Motors news, Director Jane L. Mendillo acquired 1,520 shares of the stock in a transaction dated Friday, May 26th. The stock was purchased at an average cost of $32.92 per share, with a total value of $50,038.40. Following the transaction, the director now owns 3,120 shares in the company, valued at approximately $102,710.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas S. Timko sold 17,255 shares of General Motors stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $35.79, for a total value of $617,556.45. Following the completion of the transaction, the vice president now directly owns 26,100 shares of the company’s stock, valued at $934,119. The disclosure for this sale can be found here. Over the last three months, insiders sold 377,145 shares of company stock valued at $13,116,886. Corporate insiders own 0.04% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Wilsey Asset Management Inc. raised its stake in shares of General Motors by 2.5% in the first quarter. Wilsey Asset Management Inc. now owns 258,800 shares of the auto manufacturer’s stock worth $9,166,000 after buying an additional 6,343 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of General Motors by 37.1% in the first quarter. Raymond James Trust N.A. now owns 19,331 shares of the auto manufacturer’s stock worth $684,000 after buying an additional 5,231 shares during the last quarter. CHURCHILL MANAGEMENT Corp raised its stake in shares of General Motors by 3.3% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 627,106 shares of the auto manufacturer’s stock worth $22,174,000 after buying an additional 19,838 shares during the last quarter. Denali Advisors LLC raised its stake in shares of General Motors by 20.3% in the first quarter. Denali Advisors LLC now owns 427,800 shares of the auto manufacturer’s stock worth $15,127,000 after buying an additional 72,120 shares during the last quarter. Finally, Trust Co raised its stake in shares of General Motors by 8.0% in the fourth quarter. Trust Co now owns 27,731 shares of the auto manufacturer’s stock worth $966,000 after buying an additional 2,055 shares during the last quarter. 75.56% of the stock is owned by institutional investors and hedge funds.

General Motors Company Profile

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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