General Motors (NYSE:GM) Given Consensus Recommendation of “Hold” by Analysts

Shares of General Motors (NYSE:GM) (TSE:GMM.U) have been given a consensus rating of “Hold” by the twenty-two research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $63.06.

A number of equities research analysts recently commented on the stock. Cowen began coverage on shares of General Motors in a research note on Thursday, March 6th. They issued a “buy” rating on the stock. Piper Sandler raised their price target on shares of General Motors from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group reissued a “buy” rating on shares of General Motors in a research report on Monday, February 3rd. Wells Fargo & Company reissued an “underweight” rating on shares of General Motors in a research report on Monday, February 3rd. Finally, HSBC cut shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Wednesday, December 11th.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was acquired at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of General Motors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in General Motors during the fourth quarter valued at $25,000. Crews Bank & Trust bought a new stake in General Motors during the fourth quarter valued at $26,000. Measured Risk Portfolios Inc. bought a new stake in General Motors during the fourth quarter valued at $27,000. Compass Planning Associates Inc bought a new stake in General Motors during the fourth quarter valued at $27,000. Finally, Whittier Trust Co. increased its stake in General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

NYSE:GM opened at $49.77 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The stock has a market cap of $49.53 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The firm’s fifty day simple moving average is $49.02 and its 200-day simple moving average is $50.46.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Analysts expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its board has approved a share repurchase program on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, March 7th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.96%. General Motors’s payout ratio is currently 7.80%.

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.