General Motors (NYSE:GM) (TSE:GMM.U)‘s stock had its “buy” rating reiterated by analysts at Bank of America in a report released on Tuesday. They presently have a $57.00 price target on the auto manufacturer’s stock. Bank of America’s target price indicates a potential upside of 30.11% from the stock’s current price.

Several other equities analysts have also issued reports on GM. BidaskClub lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Vetr lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $37.42 target price on the stock. in a report on Monday, July 31st. Zacks Investment Research upgraded shares of General Motors from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Berenberg Bank set a $31.00 target price on shares of General Motors and gave the company a “sell” rating in a report on Monday, August 14th. Finally, Buckingham Research restated a “hold” rating on shares of General Motors in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.61.

General Motors (GM) opened at $43.81 on Tuesday. The company has a market cap of $63,804.73, a price-to-earnings ratio of 7.26, a PEG ratio of 0.78 and a beta of 1.56. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. General Motors has a fifty-two week low of $31.92 and a fifty-two week high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.25. The company had revenue of $30.48 billion for the quarter, compared to analyst estimates of $29.93 billion. General Motors had a net margin of 2.00% and a return on equity of 20.95%. General Motors’s revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 earnings per share. research analysts forecast that General Motors will post 6.24 EPS for the current year.

In other news, CAO Thomas S. Timko sold 44,791 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $44.46, for a total transaction of $1,991,407.86. Following the completion of the sale, the chief accounting officer now directly owns 66,838 shares of the company’s stock, valued at $2,971,617.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Charles K. Stevens III sold 265,458 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $44.49, for a total transaction of $11,810,226.42. Following the sale, the chief financial officer now directly owns 326,510 shares of the company’s stock, valued at $14,526,429.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 971,122 shares of company stock valued at $40,627,952. Insiders own 0.04% of the company’s stock.

Large investors have recently bought and sold shares of the company. Berkshire Hathaway Inc. increased its position in shares of General Motors by 20.0% during the second quarter. Berkshire Hathaway Inc. now owns 60,000,000 shares of the auto manufacturer’s stock worth $2,095,800,000 after acquiring an additional 10,000,000 shares in the last quarter. Swiss National Bank grew its position in General Motors by 1.2% in the 2nd quarter. Swiss National Bank now owns 4,925,857 shares of the auto manufacturer’s stock worth $172,060,000 after purchasing an additional 56,500 shares in the last quarter. State of Tennessee Treasury Department grew its position in General Motors by 0.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 825,599 shares of the auto manufacturer’s stock worth $28,839,000 after purchasing an additional 3,298 shares in the last quarter. Intrust Bank NA grew its position in General Motors by 0.3% in the 2nd quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after purchasing an additional 25 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its position in General Motors by 12.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto manufacturer’s stock worth $25,819,000 after purchasing an additional 82,201 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

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About General Motors

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Analyst Recommendations for General Motors (NYSE:GM)

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