General Motors Company (NYSE:GM) (TSE:GMM.U)‘s stock had its “hold” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued on Friday. They presently have a $37.00 target price on the auto manufacturer’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 1.70% from the company’s previous close.
Other research analysts also recently issued research reports about the company. BidaskClub downgraded General Motors from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. BMO Capital Markets restated a “market perform” rating on shares of General Motors in a research note on Wednesday, May 3rd. Evercore ISI restated an “in-line” rating and issued a $40.00 target price on shares of General Motors in a research note on Thursday, March 30th. Buckingham Research restated a “neutral” rating on shares of General Motors in a research note on Friday, June 2nd. Finally, Tigress Financial restated a “strong-buy” rating on shares of General Motors in a research note on Thursday, March 30th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.50.
General Motors (NYSE:GM) traded up 0.25% during midday trading on Friday, hitting $36.47. The stock had a trading volume of 6,344,370 shares. The company has a 50-day moving average price of $33.94 and a 200-day moving average price of $35.33. General Motors has a 52 week low of $29.82 and a 52 week high of $38.55. The stock has a market cap of $55.04 billion, a P/E ratio of 5.64 and a beta of 1.45.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Friday, April 28th. The auto manufacturer reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.25. The company had revenue of $41.20 billion during the quarter, compared to the consensus estimate of $37.38 billion. General Motors had a return on equity of 22.82% and a net margin of 5.92%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. Equities analysts expect that General Motors will post $6.06 EPS for the current year.
In related news, insider John J. Quattrone sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $35.00, for a total transaction of $525,000.00. Following the transaction, the insider now directly owns 42,623 shares in the company, valued at approximately $1,491,805. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark L. Reuss sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $33.35, for a total value of $2,501,250.00. Following the transaction, the insider now owns 133,052 shares in the company, valued at $4,437,284.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 139,158 shares of company stock worth $4,643,312. 0.04% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Vident Investment Advisory LLC bought a new position in General Motors during the fourth quarter valued at about $500,000. Pekin Singer Strauss Asset Management IL raised its position in General Motors by 3.1% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 63,330 shares of the auto manufacturer’s stock valued at $2,206,000 after buying an additional 1,912 shares during the last quarter. Wealthfront Inc. raised its position in General Motors by 27.3% in the fourth quarter. Wealthfront Inc. now owns 31,003 shares of the auto manufacturer’s stock valued at $1,080,000 after buying an additional 6,654 shares during the last quarter. RMB Capital Management LLC bought a new position in General Motors during the fourth quarter valued at about $398,000. Finally, UBS Asset Management Americas Inc. raised its position in General Motors by 18.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 7,457,145 shares of the auto manufacturer’s stock valued at $259,807,000 after buying an additional 1,179,612 shares during the last quarter. Institutional investors and hedge funds own 73.50% of the company’s stock.
About General Motors
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.
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