General Motors (NYSE:GM – Get Ratings) (TSE:GMM.U) has been given an average ‘mid-buy’ rating by 23 research firms currently tracking the company, says Marketbeat Ratings has reported. One Equity Research analyst gave the stock a sell rating, seven assigned a hold rating, and 13 assigned a buy rating to the company. The average annual price target for brokers who published stock reports last year is $51.83.
Recently, several equity analysts published reports on the company. Citigroup raised General Motors’ price target from $78.00 to $81.00, giving the company a “buy” rating, in its research report on Tuesday, Oct. 25. Wells Fargo & Company raised its price target on General Motors stock from $29.00 to $30.00 in its research notes on Wednesday, October 26, giving the company an “underweight” rating. Morgan Stanley raised its price target on General Motors stock to $32.00 from his $30.00, giving the company an “equal-weighted” rating in its research notes on Wednesday, Oct. 26. TheStreet upgraded General Motors stock from a ‘c+’ rating to a ‘b-‘ rating in his Thursday, November 10 research notes. Finally, Daiwa Capital Markets raised its price target on General Motors stock to $38.00 in his Thursday, Oct. 27 research note.
institution inflow and outflow
Several hedge funds have recently bought and sold GM stock. Price T Rowe Associates Inc. MD increased his General Motors stock by 198.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,456,923 shares of the automaker worth $30,352,000 after he purchased an additional 6,290,657 shares during the period. Renaissance Technologies LLC increased its holding in General Motors stock by 191.2% in the second quarter. Renaissance Technologies LLC owns 6,897,000 of his shares in the automaker worth $219,049,000 after purchasing an additional 4,528,500 of his shares during the previous quarter. Vanguard Group Inc. increased his holding in General Motors stock by 4.0% in the third quarter. Vanguard Group Inc. now owns 111,810,845 shares in the automaker worth $3,588,010,000 after purchasing an additional 4,251,190 shares during the previous quarter. FIFTHDELTA Ltd purchased new General Motors shares in the second quarter for a value of approximately $72,013,000. Finally, Peconic Partners LLC increased its holding of General Motors shares by 21,200.0% in the third quarter. Peconic Partners LLC now owns 2,130,000 shares of automaker stock valued at $68,352,000 after purchasing an additional 2,120,000 shares during the previous quarter. Institutional investors own 78.92% of the company’s shares.
General Motors stock performance
GM shares opened at $36.20 on Wednesday. The stock has a market cap of $51.43 billion, a PE ratio of 6.14, a price/earnings ratio of 0.62, and a beta of 1.33. General Motors shares are at a 12-month low of $30.33 and a 12-month high of $55.55. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt to equity ratio of 1.11. The stock has a 50-day simple moving average of $37.01 and a 200-day simple moving average of $36.91.
General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last reported quarterly earnings data on Tuesday, Oct. 25. The automaker reported his earnings per share (EPS) of $2.25 for the quarter, $0.36 above consensus expectations of $1.89. The business generated $41.89 billion in revenue for the quarter, compared to analyst expectations of $42.05 billion. General Motors’ return on equity was 14.88% and net profit margin was 6.57%. The company’s quarterly revenue increased 56.4% year-on-year. His EPS for the company in the same period last year was $1.52. As a group, research analysts expect General Motors to post 7.1 earnings per share for the current financial year.
General Motors Company Profile
General Motors Co designs, manufactures and sells cars, trucks and auto parts. It also provides auto finance services through General Motors Financial Company. The company operates through its GM North America, GM International, Cruise and GM Financial segments.
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