General Motors (NYSE:GM) Upgraded to “Buy” at Deutsche Bank Aktiengesellschaft

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Tuesday, MarketBeat.com reports. The brokerage presently has a $60.00 target price on the auto manufacturer’s stock, up from their previous target price of $56.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 13.70% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Royal Bank of Canada raised their price target on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group raised their target price on General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. DZ Bank cut General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research report on Friday, October 11th. Barclays lifted their price objective on General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein increased their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, General Motors currently has an average rating of “Hold” and a consensus target price of $60.05.

General Motors Stock Down 2.1 %

Shares of NYSE:GM opened at $52.77 on Tuesday. General Motors has a 1 year low of $34.56 and a 1 year high of $61.24. The company has a market capitalization of $58.03 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.37 and a beta of 1.42. The business has a fifty day moving average price of $53.39 and a two-hundred day moving average price of $49.74. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.47. The company had revenue of $48.76 billion during the quarter, compared to analyst estimates of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 earnings per share. Analysts forecast that General Motors will post 10.34 earnings per share for the current year.

Insider Activity

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. The trade was a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General Motors

A number of hedge funds and other institutional investors have recently modified their holdings of GM. Strategic Investment Solutions Inc. IL bought a new stake in General Motors in the second quarter valued at approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in General Motors during the 3rd quarter valued at $27,000. Truvestments Capital LLC bought a new stake in General Motors in the 3rd quarter worth $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Motors in the fourth quarter valued at about $31,000. Finally, Eastern Bank purchased a new stake in shares of General Motors during the third quarter worth about $34,000. Institutional investors own 92.67% of the company’s stock.

General Motors Company Profile

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