General Motors Co. (NYSE:GM) (TSE:GMM.U)‘s stock had its “sell” rating reaffirmed by investment analysts at Berenberg Bank in a research report issued to clients and investors on Monday. They currently have a $29.00 price target on the auto manufacturer’s stock. Berenberg Bank’s price target indicates a potential downside of 15.33% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. Barclays PLC reissued an “equal weight” rating and issued a $36.00 target price on shares of General Motors in a research note on Thursday, August 11th. Seaport Global Securities began coverage on General Motors in a research note on Tuesday, August 9th. They issued a “buy” rating and a $42.00 target price on the stock. Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $32.84 target price on the stock. in a research note on Monday, November 7th. Morgan Stanley raised General Motors from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $29.00 to $37.00 in a research report on Monday, September 19th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $50.00 price objective on shares of General Motors in a research report on Thursday, September 22nd. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $36.06.
Shares of General Motors (NYSE:GM) opened at 34.26 on Monday. The company has a 50-day moving average price of $32.24 and a 200-day moving average price of $31.16. The company has a market capitalization of $52.22 billion, a PE ratio of 3.91 and a beta of 1.42. General Motors has a 52 week low of $26.69 and a 52 week high of $36.88.
General Motors (NYSE:GM) last released its earnings results on Tuesday, October 25th. The auto manufacturer reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.28. General Motors had a return on equity of 23.22% and a net margin of 8.58%. The firm had revenue of $42.80 billion for the quarter, compared to analysts’ expectations of $39.11 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts predict that General Motors will post $6.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Wednesday, December 7th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Monday, December 5th. General Motors’s dividend payout ratio (DPR) is 17.41%.
Institutional investors have recently made changes to their positions in the company. TLP Group LLC bought a new position in shares of General Motors during the third quarter worth approximately $125,000. Itau Unibanco Holding S.A. bought a new position in shares of General Motors during the third quarter worth approximately $135,000. Global X Management Co. LLC boosted its position in shares of General Motors by 313.7% in the third quarter. Global X Management Co. LLC now owns 4,257 shares of the auto manufacturer’s stock worth $135,000 after buying an additional 3,228 shares during the period. AllSquare Wealth Management LLC boosted its position in shares of General Motors by 16.5% in the second quarter. AllSquare Wealth Management LLC now owns 4,600 shares of the auto manufacturer’s stock worth $130,000 after buying an additional 650 shares during the period. Finally, North Star Investment Management Corp. boosted its position in shares of General Motors by 809.5% in the second quarter. North Star Investment Management Corp. now owns 4,602 shares of the auto manufacturer’s stock worth $130,000 after buying an additional 4,096 shares during the period. Hedge funds and other institutional investors own 70.71% of the company’s stock.
General Motors Company Profile