General Motors (GM) Given a $45.00 Price Target at Nomura

General Motors (NYSE:GM) (TSE:GMM.U) has been given a $45.00 price objective by Nomura in a research note issued on Thursday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the auto manufacturer’s stock. Nomura’s price target would suggest a potential upside of 8.54% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Evercore ISI increased their price objective on shares of General Motors from $40.00 to $41.38 in a research note on Friday, December 29th. Vetr upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $43.99 price objective for the company in a research note on Monday, November 6th. Deutsche Bank increased their price objective on shares of General Motors from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Piper Jaffray Companies set a $51.00 price objective on shares of General Motors and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, UBS Group reiterated a “buy” rating and issued a $50.00 price objective (up previously from $39.00) on shares of General Motors in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. General Motors presently has an average rating of “Hold” and an average target price of $44.32.

General Motors (GM) opened at $41.46 on Thursday. General Motors has a 1 year low of $31.92 and a 1 year high of $46.76. The firm has a market cap of $59,920.00, a PE ratio of -1,382.00, a P/E/G ratio of 0.67 and a beta of 1.59. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.79.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The business had revenue of $34.48 billion for the quarter, compared to analysts’ expectations of $34.28 billion. During the same quarter last year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. equities analysts expect that General Motors will post 6.1 earnings per share for the current year.

In other General Motors news, EVP Stefan Jacoby sold 37,961 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $42.87, for a total value of $1,627,388.07. Following the completion of the transaction, the executive vice president now directly owns 98,340 shares of the company’s stock, valued at approximately $4,215,835.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Barry L. Engle II sold 50,443 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the completion of the transaction, the insider now directly owns 57,091 shares of the company’s stock, valued at $2,459,480.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,847 shares of company stock valued at $7,363,108. 0.04% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in GM. Assenagon Asset Management S.A. bought a new position in General Motors in the 3rd quarter valued at $202,352,000. SG Americas Securities LLC boosted its holdings in General Motors by 4,992.3% in the 4th quarter. SG Americas Securities LLC now owns 2,962,746 shares of the auto manufacturer’s stock valued at $121,443,000 after purchasing an additional 2,904,565 shares during the period. APG Asset Management N.V. boosted its holdings in General Motors by 807.4% in the 4th quarter. APG Asset Management N.V. now owns 2,597,441 shares of the auto manufacturer’s stock valued at $88,665,000 after purchasing an additional 2,311,204 shares during the period. Levin Capital Strategies L.P. boosted its holdings in General Motors by 123.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 3,440,444 shares of the auto manufacturer’s stock valued at $141,024,000 after purchasing an additional 1,900,236 shares during the period. Finally, AXA boosted its holdings in General Motors by 295.3% in the 3rd quarter. AXA now owns 1,944,602 shares of the auto manufacturer’s stock valued at $78,523,000 after purchasing an additional 1,452,633 shares during the period. 72.49% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for General Motors (NYSE:GM)

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