Investment Analysts’ Recent Ratings Changes for General Motors (GM)

A number of research firms have changed their ratings and price targets for General Motors (NYSE: GM):

  • 10/15/2019 – General Motors had its price target lowered by analysts at Buckingham Research from $35.00 to $32.00. They now have a “neutral” rating on the stock.
  • 10/2/2019 – General Motors was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/2/2019 – General Motors had its price target lowered by analysts at Barclays PLC from $51.00 to $48.00. They now have an “overweight” rating on the stock.
  • 10/2/2019 – General Motors had its price target raised by analysts at UBS Group AG from $46.00 to $47.00. They now have a “buy” rating on the stock.
  • 9/23/2019 – General Motors was given a new $35.00 price target on by analysts at Buckingham Research. They now have a “hold” rating on the stock.
  • 9/17/2019 – General Motors was given a new $46.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.

Shares of GM stock traded up $0.80 during trading hours on Tuesday, reaching $36.30. The company had a trading volume of 348,685 shares, compared to its average volume of 9,724,830. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.83 and a current ratio of 0.96. General Motors has a twelve month low of $30.56 and a twelve month high of $41.90. The company has a market capitalization of $50.78 billion, a P/E ratio of 5.55, a price-to-earnings-growth ratio of 0.49 and a beta of 1.40. The stock’s fifty day simple moving average is $36.94 and its 200 day simple moving average is $37.72.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Thursday, August 1st. The auto manufacturer reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.21. General Motors had a return on equity of 21.08% and a net margin of 6.31%. The business had revenue of $36.06 billion during the quarter, compared to analyst estimates of $36.03 billion. During the same quarter last year, the firm earned $1.81 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that General Motors will post 6.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.38 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.52 annualized dividend and a yield of 4.19%. General Motors’s dividend payout ratio (DPR) is currently 23.24%.

In other General Motors news, EVP Matthew Tsien sold 83,067 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $39.50, for a total value of $3,281,146.50. Following the transaction, the executive vice president now directly owns 84,667 shares of the company’s stock, valued at approximately $3,344,346.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Mark L. Reuss sold 275,944 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $40.03, for a total transaction of $11,046,038.32. Following the completion of the transaction, the president now directly owns 479,413 shares in the company, valued at $19,190,902.39. The disclosure for this sale can be found here. Insiders sold a total of 375,944 shares of company stock valued at $14,996,038 over the last quarter. 0.51% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in GM. FMR LLC boosted its holdings in General Motors by 83.3% during the first quarter. FMR LLC now owns 8,016,745 shares of the auto manufacturer’s stock worth $297,421,000 after purchasing an additional 3,643,659 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of General Motors by 382.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,301,795 shares of the auto manufacturer’s stock worth $165,748,000 after purchasing an additional 3,410,146 shares during the last quarter. Korea Investment CORP increased its position in shares of General Motors by 321.1% during the 2nd quarter. Korea Investment CORP now owns 4,302,991 shares of the auto manufacturer’s stock worth $165,794,000 after purchasing an additional 3,281,200 shares during the last quarter. Holocene Advisors LP increased its position in shares of General Motors by 319.2% during the 2nd quarter. Holocene Advisors LP now owns 3,461,357 shares of the auto manufacturer’s stock worth $133,366,000 after purchasing an additional 2,635,687 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of General Motors by 1,004.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,427,746 shares of the auto manufacturer’s stock worth $93,541,000 after purchasing an additional 2,207,859 shares during the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

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

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