General Motors (NYSE:GM) Receives $47.25 Consensus Target Price from Brokerages

General Motors (NYSE:GM) (TSE:GMM.U) has received a consensus recommendation of “Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $47.25.

GM has been the subject of several research analyst reports. ValuEngine raised shares of General Motors from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. UBS Group boosted their price objective on shares of General Motors from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Bank of America set a $55.00 price objective on shares of General Motors and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Buckingham Research decreased their price objective on shares of General Motors from $35.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, Morgan Stanley set a $46.00 price objective on shares of General Motors and gave the stock a “buy” rating in a research note on Tuesday, September 17th.

GM stock traded up $0.23 on Monday, hitting $35.54. 8,329,570 shares of the company were exchanged, compared to its average volume of 8,820,792. General Motors has a twelve month low of $31.46 and a twelve month high of $41.90. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.96 and a quick ratio of 0.82. The business’s fifty day moving average is $36.72 and its two-hundred day moving average is $37.22. The stock has a market capitalization of $50.78 billion, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.69 and a beta of 1.37.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 EPS for the quarter, topping the consensus estimate of $1.18 by $0.54. General Motors had a net margin of 6.19% and a return on equity of 19.78%. The firm had revenue of $35.50 billion during the quarter, compared to analyst estimates of $35.21 billion. During the same quarter in the prior year, the business posted $1.87 earnings per share. General Motors’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts expect that General Motors will post 4.8 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.52 annualized dividend and a yield of 4.28%. General Motors’s dividend payout ratio is currently 23.24%.

In other General Motors news, EVP Matthew Tsien sold 16,933 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $39.50, for a total transaction of $668,853.50. Following the completion of the sale, the executive vice president now directly owns 18,533 shares in the company, valued at $732,053.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.51% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Next Capital Management LLC acquired a new stake in General Motors in the second quarter valued at $25,000. Trust Co. of Vermont raised its holdings in General Motors by 101.2% in the second quarter. Trust Co. of Vermont now owns 666 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 335 shares in the last quarter. Advisors Preferred LLC acquired a new stake in General Motors in the second quarter valued at $26,000. Massey Quick Simon & CO. LLC acquired a new stake in General Motors in the third quarter valued at $26,000. Finally, Quest Capital Management Inc. ADV acquired a new stake in General Motors in the third quarter valued at $26,000. Institutional investors and hedge funds own 76.92% of the company’s stock.

General Motors Company Profile

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Analyst Recommendations for General Motors (NYSE:GM)

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