General Motors (NYSE:GM) Receives $58.70 Average PT from Brokerages

General Motors (NYSE:GM) (TSE:GMM.U) has been given an average recommendation of “Hold” by the twenty-two analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $58.70.

GM has been the subject of several research analyst reports. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. DZ Bank lowered General Motors from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research note on Friday, October 11th. JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $53.00 target price on shares of General Motors in a research report on Tuesday, September 10th. Finally, Sanford C. Bernstein lifted their target price on shares of General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 25th.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the sale, the chief executive officer now directly owns 694,548 shares in the company, valued at approximately $37,040,244.84. This trade represents a 42.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the transaction, the president now owns 126,907 shares of the company’s stock, valued at $7,000,190.12. This represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,030,475 shares of company stock worth $56,509,286. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On General Motors

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL bought a new position in shares of General Motors during the 2nd quarter valued at $25,000. Catalyst Capital Advisors LLC bought a new position in General Motors in the third quarter valued at about $27,000. Wellington Shields Capital Management LLC purchased a new position in General Motors in the second quarter worth about $28,000. Truvestments Capital LLC bought a new stake in shares of General Motors during the 3rd quarter valued at about $27,000. Finally, Fairscale Capital LLC purchased a new stake in shares of General Motors during the 2nd quarter valued at about $36,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 0.8 %

Shares of NYSE GM opened at $51.77 on Wednesday. The company has a market cap of $56.93 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.40 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. The firm’s fifty day moving average is $53.95 and its 200 day moving average is $49.29. General Motors has a 52 week low of $34.32 and a 52 week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 earnings per share. On average, equities research analysts expect that General Motors will post 10.35 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, December 6th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, December 6th. General Motors’s dividend payout ratio (DPR) is 5.12%.

About General Motors

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.