News headlines about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. General Motors earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the auto manufacturer an impact score of 45.2630075773572 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- 2019 Chevrolet Silverado goes on a diet, gains diesel power (yahoo.com)
- GM promises it can make money on all-electric cars by 2021 (greencarreports.com)
- Cadillac to Sell Over 200,000 Vehicles in China in 2018 (finance.yahoo.com)
- General Motors to Launch Autonomous Cars in 2019 (finance.yahoo.com)
- Game of chicken – GM bets on Mexican-made pickup trucks (finance.yahoo.com)
A number of equities research analysts have commented on the stock. UBS Group restated a “buy” rating and set a $50.00 target price (up previously from $39.00) on shares of General Motors in a research note on Wednesday, October 11th. Vetr cut shares of General Motors from a “strong-buy” rating to a “hold” rating and set a $43.99 target price on the stock. in a research note on Monday, December 4th. Craig Hallum set a $45.00 target price on shares of General Motors and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada upgraded shares of General Motors from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $51.00 to $52.00 in a research note on Tuesday, December 19th. Finally, Piper Jaffray Companies set a $51.00 target price on shares of General Motors and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. General Motors has a consensus rating of “Hold” and an average target price of $44.07.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 24th. The auto manufacturer reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.25. General Motors had a net margin of 2.00% and a return on equity of 20.95%. The business had revenue of $30.48 billion during the quarter, compared to analyst estimates of $29.93 billion. During the same period last year, the firm posted $1.72 EPS. The company’s revenue was down 16.6% on a year-over-year basis. equities research analysts expect that General Motors will post 6.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, December 8th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, December 7th. General Motors’s dividend payout ratio (DPR) is currently 32.90%.
In related news, EVP Nysschen Carel J. De sold 123,645 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $44.59, for a total value of $5,513,330.55. Following the completion of the transaction, the executive vice president now directly owns 150,484 shares of the company’s stock, valued at $6,710,081.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Charles K. Stevens III sold 265,458 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $44.49, for a total transaction of $11,810,226.42. Following the completion of the transaction, the chief financial officer now directly owns 326,510 shares of the company’s stock, valued at $14,526,429.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 552,298 shares of company stock valued at $24,408,137. 0.04% of the stock is currently owned by insiders.
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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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