General Motors Company (NYSE:GM) (TSE:GMM.U) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Friday, July 28th.
GM has been the topic of several other research reports. Tigress Financial restated a “strong-buy” rating on shares of General Motors in a research report on Thursday, March 30th. Royal Bank Of Canada restated a “hold” rating and issued a $37.00 price target on shares of General Motors in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, June 21st. Jefferies Group LLC reiterated a “buy” rating and set a $36.00 price objective on shares of General Motors in a research report on Tuesday, June 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $44.00 price objective on shares of General Motors in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. General Motors presently has a consensus rating of “Hold” and a consensus price target of $39.26.
Shares of General Motors (GM) opened at 35.75 on Friday. The company has a market cap of $52.10 billion, a price-to-earnings ratio of 6.22 and a beta of 1.45. General Motors has a 12-month low of $30.13 and a 12-month high of $38.55. The company’s 50-day moving average is $35.48 and its 200-day moving average is $35.09.
General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. General Motors had a net margin of 5.38% and a return on equity of 22.45%. The company had revenue of $36.98 billion for the quarter, compared to analysts’ expectations of $37.67 billion. During the same quarter in the previous year, the business posted $1.86 earnings per share. General Motors’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts predict that General Motors will post $6.13 earnings per share for the current year.
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In related news, VP Thomas S. Timko sold 17,255 shares of the stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $35.79, for a total value of $617,556.45. Following the transaction, the vice president now owns 26,100 shares in the company, valued at approximately $934,119. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles K. Stevens III sold 16,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $35.80, for a total transaction of $572,800.00. Following the completion of the transaction, the insider now owns 77,052 shares in the company, valued at approximately $2,758,461.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 369,001 shares of company stock worth $12,827,204. Corporate insiders own 0.04% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. RMB Capital Management LLC purchased a new stake in shares of General Motors during the fourth quarter worth approximately $398,000. HighPoint Advisor Group LLC boosted its stake in shares of General Motors by 9.1% in the fourth quarter. HighPoint Advisor Group LLC now owns 16,511 shares of the auto manufacturer’s stock worth $618,000 after buying an additional 1,374 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of General Motors by 92.5% in the fourth quarter. Macquarie Group Ltd. now owns 76,600 shares of the auto manufacturer’s stock worth $2,669,000 after buying an additional 36,800 shares during the last quarter. Beacon Financial Group boosted its stake in shares of General Motors by 27.8% in the first quarter. Beacon Financial Group now owns 16,249 shares of the auto manufacturer’s stock worth $575,000 after buying an additional 3,534 shares during the last quarter. Finally, Park National Corp OH boosted its stake in shares of General Motors by 5.9% in the first quarter. Park National Corp OH now owns 621,122 shares of the auto manufacturer’s stock worth $21,963,000 after buying an additional 34,640 shares during the last quarter. Institutional investors own 75.56% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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