General Motors (NYSE:GM) Stock Rating Upgraded by StockNews.com

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

GM has been the subject of several other reports. Wells Fargo & Company decreased their price objective on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Monday, December 16th. UBS Group raised their target price on General Motors from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Royal Bank of Canada raised their price objective on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Wedbush boosted their price objective on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.17.

General Motors Stock Down 8.8 %

Shares of General Motors stock traded down $4.85 during trading on Tuesday, hitting $50.07. The company’s stock had a trading volume of 33,742,709 shares, compared to its average volume of 10,137,275. General Motors has a 52 week low of $34.93 and a 52 week high of $61.24. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The company has a fifty day simple moving average of $53.14 and a two-hundred day simple moving average of $49.95. The company has a market capitalization of $55.06 billion, a PE ratio of 5.34, a P/E/G ratio of 0.38 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 16.30% and a net margin of 6.06%. Equities research analysts predict that General Motors will post 10.34 earnings per share for the current year.

Insider Activity at General Motors

In other news, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rory Harvey sold 8,919 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 514,344 shares of company stock worth $28,977,691. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GM. Creative Planning raised its position in General Motors by 36.2% during the second quarter. Creative Planning now owns 190,247 shares of the auto manufacturer’s stock valued at $8,839,000 after acquiring an additional 50,543 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in General Motors by 51.3% during the second quarter. NewEdge Advisors LLC now owns 32,915 shares of the auto manufacturer’s stock worth $1,529,000 after buying an additional 11,164 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new stake in General Motors during the second quarter valued at $1,407,000. Teachers Retirement System of The State of Kentucky grew its position in General Motors by 469.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 570,775 shares of the auto manufacturer’s stock valued at $26,517,000 after buying an additional 470,568 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of General Motors in the second quarter worth about $25,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

About General Motors

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.