General Motors (GM) Stock Rating Upgraded by Vetr

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by research analysts at Vetr from a “hold” rating to a “strong-buy” rating in a research report issued on Friday. The firm currently has a $39.06 price target on the auto manufacturer’s stock. Vetr‘s price objective points to a potential downside of 8.72% from the stock’s current price.

Several other equities analysts have also issued reports on GM. Berenberg Bank set a $31.00 target price on General Motors and gave the stock a “sell” rating in a research report on Monday, August 14th. Morgan Stanley restated a “hold” rating and set a $43.00 target price on shares of General Motors in a research report on Tuesday, November 28th. Bank of America restated a “buy” rating and set a $57.00 target price on shares of General Motors in a research report on Tuesday, November 28th. Citigroup reiterated a “buy” rating and set a $53.00 price objective on shares of General Motors in a report on Monday, October 2nd. Finally, Piper Jaffray Companies set a $44.00 price objective on General Motors and gave the company a “buy” rating in a report on Monday, October 16th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $43.48.

General Motors (NYSE GM) opened at $42.79 on Friday. The stock has a market capitalization of $60,779.26, a PE ratio of 6.91, a PEG ratio of 0.74 and a beta of 1.55. General Motors has a 12-month low of $31.92 and a 12-month high of $46.76. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.25. The company had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 EPS. equities research analysts predict that General Motors will post 6.24 earnings per share for the current fiscal year.

In other General Motors news, insider Alicia S. Boler-Davis sold 10,000 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Charles K. Stevens III sold 265,458 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $44.49, for a total value of $11,810,226.42. Following the completion of the transaction, the chief financial officer now directly owns 326,510 shares in the company, valued at $14,526,429.90. The disclosure for this sale can be found here. Insiders have sold a total of 971,122 shares of company stock worth $40,627,952 over the last three months. 0.04% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Berkshire Hathaway Inc. lifted its position in shares of General Motors by 20.0% during the 2nd quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock valued at $2,095,800,000 after acquiring an additional 10,000,000 shares during the period. Swiss National Bank lifted its position in shares of General Motors by 1.2% during the 2nd quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock valued at $172,060,000 after acquiring an additional 56,500 shares during the period. State of Tennessee Treasury Department lifted its position in shares of General Motors by 0.4% during the 2nd quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock valued at $28,839,000 after acquiring an additional 3,298 shares during the period. Intrust Bank NA lifted its position in shares of General Motors by 0.3% during the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock valued at $250,000 after acquiring an additional 25 shares during the period. Finally, Commonwealth Bank of Australia lifted its position in shares of General Motors by 12.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto manufacturer’s stock valued at $25,819,000 after acquiring an additional 82,201 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

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About General Motors

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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