General Motors Co. (NYSE:GM) (TSE:GMM.U) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $32.84 target price on the auto manufacturer’s stock. Vetr‘s price objective suggests a potential downside of 4.12% from the company’s current price.
Other research analysts have also recently issued reports about the company. Morgan Stanley raised General Motors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $29.00 to $37.00 in a research report on Monday, September 19th. Barclays PLC reissued an “equal weight” rating and set a $66.00 price target on shares of General Motors in a research report on Friday, September 23rd. Seaport Global Securities assumed coverage on General Motors in a research report on Tuesday, August 9th. They set a “buy” rating and a $42.00 price target for the company. Bank of America Corp. cut General Motors from a “buy” rating to a “neutral” rating and increased their price target for the company from $26.69 to $31.60 in a research report on Wednesday, October 26th. Finally, Royal Bank Of Canada increased their price target on General Motors from $32.00 to $34.00 and gave the company a “sector perform” rating in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. General Motors presently has an average rating of “Hold” and an average price target of $36.06.
General Motors (NYSE:GM) traded up 1.15% during mid-day trading on Monday, hitting $34.25. The stock had a trading volume of 5,317,746 shares. General Motors has a one year low of $26.69 and a one year high of $36.88. The firm has a market capitalization of $52.21 billion, a price-to-earnings ratio of 3.91 and a beta of 1.42. The stock’s 50 day moving average price is $32.24 and its 200 day moving average price is $31.16.
General Motors (NYSE:GM) last posted its quarterly earnings data on Tuesday, October 25th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.28. The business earned $42.80 billion during the quarter, compared to the consensus estimate of $39.11 billion. General Motors had a return on equity of 23.22% and a net margin of 8.58%. General Motors’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. Analysts forecast that General Motors will post $6.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Investors of record on Wednesday, December 7th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, December 5th. This represents a $1.52 dividend on an annualized basis and a yield of 4.44%. General Motors’s dividend payout ratio is currently 17.41%.
A number of large investors have recently modified their holdings of GM. Vanguard Group Inc. raised its stake in shares of General Motors by 0.4% in the second quarter. Vanguard Group Inc. now owns 86,210,502 shares of the auto manufacturer’s stock worth $2,439,758,000 after buying an additional 332,564 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of General Motors by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 37,273,340 shares of the auto manufacturer’s stock worth $1,184,174,000 after buying an additional 101,905 shares in the last quarter. Capital World Investors raised its stake in shares of General Motors by 2.3% in the second quarter. Capital World Investors now owns 22,673,792 shares of the auto manufacturer’s stock worth $641,668,000 after buying an additional 505,600 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of General Motors by 38.3% in the second quarter. Janus Capital Management LLC now owns 21,555,499 shares of the auto manufacturer’s stock worth $610,020,000 after buying an additional 5,969,449 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of General Motors by 4.2% in the third quarter. BlackRock Fund Advisors now owns 17,186,243 shares of the auto manufacturer’s stock worth $546,007,000 after buying an additional 692,531 shares in the last quarter. Institutional investors and hedge funds own 71.41% of the company’s stock.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.