General Motors (NYSE: GM) recently received a number of ratings updates from brokerages and research firms:

  • 9/12/2018 – General Motors had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $60.00 price target on the stock.
  • 9/11/2018 – General Motors was given a new $36.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 9/5/2018 – General Motors was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Over the past three months, shares of General Motors have underperformed the industry it belongs to. Also, the Zacks Consensus Estimate for both the current quarter and current year earnings has decreased over the past month. The pulling back of discounts is reportedly hurting its sales in recent times. The company expects weak used car pricing, a challenging pricing environment in the U.S. and China as well as more pressure on commodity costs. Also, the company is facing a high inventory level of passenger cars. It is working toward bringing the inventory down by cutting production.”
  • 9/4/2018 – General Motors was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/17/2018 – General Motors had its price target lowered by analysts at Morgan Stanley from $50.00 to $46.00. They now have an “overweight” rating on the stock.
  • 7/27/2018 – General Motors had its price target lowered by analysts at JPMorgan Chase & Co. from $58.00 to $54.00. They now have an “overweight” rating on the stock.
  • 7/27/2018 – General Motors had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $39.00 price target on the stock.
  • 7/26/2018 – General Motors had its price target lowered by analysts at Royal Bank of Canada from $53.00 to $49.00. They now have an “outperform” rating on the stock.
  • 7/26/2018 – General Motors had its price target lowered by analysts at Buckingham Research from $39.00 to $37.00. They now have a “neutral” rating on the stock.
  • 7/26/2018 – General Motors had its price target lowered by analysts at Citigroup Inc to $60.00. They now have a “buy” rating on the stock.
  • 7/25/2018 – General Motors was given a new $51.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 7/20/2018 – General Motors had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $52.00 price target on the stock.

Shares of GM traded up $0.19 during trading hours on Thursday, hitting $34.25. The company’s stock had a trading volume of 14,827,700 shares, compared to its average volume of 11,999,321. The company has a market capitalization of $47.65 billion, a price-to-earnings ratio of 5.17, a PEG ratio of 0.69 and a beta of 1.56. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 1.81. General Motors has a 52-week low of $33.44 and a 52-week high of $46.76.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.03. General Motors had a negative net margin of 3.26% and a positive return on equity of 23.39%. The company had revenue of $36.80 billion during the quarter, compared to analyst estimates of $36.62 billion. During the same period last year, the business earned $1.89 earnings per share. General Motors’s revenue was down .5% compared to the same quarter last year. sell-side analysts expect that General Motors will post 5.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.44%. General Motors’s dividend payout ratio (DPR) is currently 22.96%.

Several hedge funds have recently added to or reduced their stakes in the company. Reliance Trust Co. of Delaware boosted its position in shares of General Motors by 17.5% in the second quarter. Reliance Trust Co. of Delaware now owns 9,679 shares of the auto manufacturer’s stock valued at $382,000 after acquiring an additional 1,439 shares during the period. BKD Wealth Advisors LLC lifted its position in General Motors by 1.9% during the first quarter. BKD Wealth Advisors LLC now owns 78,623 shares of the auto manufacturer’s stock valued at $2,857,000 after purchasing an additional 1,445 shares during the last quarter. Stellar Capital Management LLC lifted its position in General Motors by 3.1% during the second quarter. Stellar Capital Management LLC now owns 52,472 shares of the auto manufacturer’s stock valued at $2,067,000 after purchasing an additional 1,555 shares during the last quarter. NEXT Financial Group Inc lifted its position in General Motors by 9.4% during the first quarter. NEXT Financial Group Inc now owns 19,145 shares of the auto manufacturer’s stock valued at $696,000 after purchasing an additional 1,647 shares during the last quarter. Finally, Affiance Financial LLC lifted its position in General Motors by 11.6% during the second quarter. Affiance Financial LLC now owns 16,270 shares of the auto manufacturer’s stock valued at $641,000 after purchasing an additional 1,693 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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