General Motors (NYSE:GM) PT Raised to $55.00

General Motors (NYSE:GM) (TSE:GMM.U) had its price target increased by analysts at Sanford C. Bernstein from $53.00 to $55.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “market perform” rating on the auto manufacturer’s stock. Sanford C. Bernstein’s target price indicates a potential upside of 4.36% from the stock’s current price.

GM has been the subject of a number of other research reports. Wolfe Research assumed coverage on General Motors in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Morgan Stanley downgraded General Motors from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $47.00 to $42.00 in a research note on Wednesday, September 25th. Wells Fargo & Company lifted their target price on shares of General Motors from $33.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday. Nomura cut shares of General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 price target for the company. in a research report on Monday, August 5th. Finally, The Goldman Sachs Group lifted their price target on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $57.06.

General Motors Stock Down 0.4 %

Shares of NYSE GM opened at $52.70 on Friday. The stock has a 50-day moving average price of $47.52 and a two-hundred day moving average price of $46.09. General Motors has a 12 month low of $26.30 and a 12 month high of $54.29. The company has a current ratio of 1.18, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market cap of $60.13 billion, a price-to-earnings ratio of 6.44, a PEG ratio of 0.56 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate of $2.49 by $0.47. The business had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.28 EPS. As a group, analysts forecast that General Motors will post 9.95 earnings per share for the current fiscal year.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 9,307 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total value of $502,671.07. Following the completion of the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $459,787.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Rory Harvey sold 9,307 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $54.01, for a total transaction of $502,671.07. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $459,787.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the sale, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at $37,040,244.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 531,228 shares of company stock worth $28,267,714 in the last quarter. Company insiders own 0.72% of the company’s stock.

Institutional Trading of General Motors

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors grew its holdings in shares of General Motors by 14.6% during the first quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock valued at $2,211,609,000 after buying an additional 6,201,777 shares during the last quarter. Swedbank AB bought a new position in General Motors in the 1st quarter valued at about $159,750,000. Artemis Investment Management LLP boosted its stake in General Motors by 581.4% during the 3rd quarter. Artemis Investment Management LLP now owns 1,601,856 shares of the auto manufacturer’s stock valued at $71,827,000 after purchasing an additional 1,366,768 shares during the last quarter. Retirement Systems of Alabama increased its holdings in General Motors by 366.6% during the 1st quarter. Retirement Systems of Alabama now owns 1,408,345 shares of the auto manufacturer’s stock worth $63,868,000 after purchasing an additional 1,106,526 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of General Motors by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock worth $600,291,000 after purchasing an additional 1,091,137 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Company Profile

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