General Motors’ (GM) Buy Rating Reiterated at Barclays

General Motors (NYSE:GM) (TSE:GMM.U)‘s stock had its “buy” rating restated by stock analysts at Barclays in a research note issued to investors on Monday. They presently have a $49.00 target price on the auto manufacturer’s stock. Barclays‘s target price suggests a potential upside of 31.92% from the company’s current price.

Several other brokerages have also issued reports on GM. Buckingham Research set a $34.00 price target on General Motors and gave the company a “hold” rating in a research note on Friday. BMO Capital Markets lifted their price target on General Motors from $41.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday. ValuEngine upgraded General Motors from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Morgan Stanley lifted their price target on General Motors from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 6th. Finally, JPMorgan Chase & Co. lifted their price target on General Motors from $48.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, November 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $45.68.

Shares of GM traded down $0.51 during midday trading on Monday, hitting $37.15. The company’s stock had a trading volume of 3,213,553 shares, compared to its average volume of 11,120,404. General Motors has a one year low of $30.56 and a one year high of $45.52. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.89. The firm has a market cap of $52.48 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 0.75 and a beta of 1.22.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.62. General Motors had a return on equity of 25.81% and a net margin of 0.56%. The company had revenue of $35.79 billion for the quarter, compared to analyst estimates of $34.85 billion. During the same quarter last year, the company posted $1.32 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts forecast that General Motors will post 6.27 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of General Motors by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 96,849,509 shares of the auto manufacturer’s stock valued at $3,260,923,000 after buying an additional 2,699,178 shares during the last quarter. Vanguard Group Inc grew its position in shares of General Motors by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 96,849,509 shares of the auto manufacturer’s stock valued at $3,260,923,000 after buying an additional 2,699,178 shares during the last quarter. Capital World Investors grew its position in shares of General Motors by 15.4% in the 3rd quarter. Capital World Investors now owns 83,910,382 shares of the auto manufacturer’s stock valued at $2,825,263,000 after buying an additional 11,218,495 shares during the last quarter. Franklin Resources Inc. grew its position in shares of General Motors by 38.9% in the 3rd quarter. Franklin Resources Inc. now owns 27,084,102 shares of the auto manufacturer’s stock valued at $911,922,000 after buying an additional 7,578,850 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of General Motors by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 15,079,324 shares of the auto manufacturer’s stock valued at $507,718,000 after buying an additional 188,426 shares during the last quarter. Institutional investors and hedge funds own 75.65% of the company’s stock.

About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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