General Motors (NYSE:GM) Stock Rating Reaffirmed by Royal Bank of Canada

General Motors (NYSE:GM) (TSE:GMM.U)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank of Canada in a note issued to investors on Wednesday, Benzinga reports. They presently have a $54.00 target price on the auto manufacturer’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 13.23% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $53.00 price target on shares of General Motors in a research report on Tuesday, September 10th. StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Bank of America restated a “buy” rating and issued a $75.00 target price on shares of General Motors in a research note on Wednesday, June 12th. The Goldman Sachs Group raised their price target on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Nomura Securities raised shares of General Motors to a “strong sell” rating in a research report on Monday, August 5th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, General Motors currently has an average rating of “Hold” and a consensus target price of $55.47.

General Motors Trading Down 0.5 %

NYSE:GM opened at $47.69 on Wednesday. The business has a fifty day moving average of $46.05 and a 200-day moving average of $45.74. The stock has a market cap of $54.41 billion, a price-to-earnings ratio of 5.83, a PEG ratio of 0.56 and a beta of 1.42. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. General Motors has a 1 year low of $26.30 and a 1 year high of $50.50.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The firm had revenue of $47.97 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the previous year, the company earned $1.91 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that General Motors will post 9.95 earnings per share for the current year.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 12,795 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now owns 8,513 shares in the company, valued at approximately $417,307.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other General Motors news, CFO Paul A. Jacobson purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $44.11 per share, with a total value of $1,102,750.00. Following the completion of the transaction, the chief financial officer now directly owns 261,872 shares of the company’s stock, valued at approximately $11,551,173.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rory Harvey sold 12,795 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $417,307.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On General Motors

Large investors have recently made changes to their positions in the company. Capital World Investors boosted its stake in General Motors by 14.6% in the first quarter. Capital World Investors now owns 48,767,573 shares of the auto manufacturer’s stock worth $2,211,609,000 after purchasing an additional 6,201,777 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in General Motors by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,951,561 shares of the auto manufacturer’s stock worth $601,730,000 after purchasing an additional 135,717 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in General Motors by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 12,922,021 shares of the auto manufacturer’s stock valued at $600,291,000 after purchasing an additional 1,091,137 shares during the period. LSV Asset Management grew its position in shares of General Motors by 2.6% during the 2nd quarter. LSV Asset Management now owns 8,847,440 shares of the auto manufacturer’s stock worth $411,052,000 after buying an additional 223,260 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in General Motors by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 6,492,719 shares of the auto manufacturer’s stock valued at $233,219,000 after acquiring an additional 26,260 shares during the last quarter. 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.