General Motors (NYSE:GM) Given Average Rating of “Buy” by Brokerages

General Motors (NYSE:GM) (TSE:GMM.U) has earned a consensus rating of “Buy” from the twenty-one brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $69.55.

GM has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their target price on General Motors from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Sunday, September 26th. Zacks Investment Research lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research report on Monday, August 9th. Wells Fargo & Company boosted their target price on General Motors from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 5th. Credit Suisse Group lowered their price target on General Motors from $77.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, August 5th. Finally, Barclays lowered their price target on General Motors from $70.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, October 28th.

In related news, CAO Christopher Hatto sold 7,353 shares of the business’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $65.00, for a total transaction of $477,945.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Mark L. Reuss sold 224,527 shares of the business’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $64.36, for a total value of $14,450,557.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 239,084 shares of company stock valued at $15,396,763. 0.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GM. Fieldpoint Private Securities LLC raised its stake in General Motors by 21.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 936 shares of the auto manufacturer’s stock worth $49,000 after buying an additional 166 shares during the period. Liberty Wealth Management LLC raised its stake in General Motors by 50.1% during the 3rd quarter. Liberty Wealth Management LLC now owns 518 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 173 shares during the period. D Orazio & Associates Inc. raised its stake in shares of General Motors by 9.0% in the 3rd quarter. D Orazio & Associates Inc. now owns 2,113 shares of the auto manufacturer’s stock valued at $111,000 after purchasing an additional 175 shares during the period. Larson Financial Group LLC raised its stake in shares of General Motors by 16.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,292 shares of the auto manufacturer’s stock valued at $68,000 after purchasing an additional 184 shares during the period. Finally, Savant Capital LLC raised its stake in shares of General Motors by 3.2% in the 2nd quarter. Savant Capital LLC now owns 6,237 shares of the auto manufacturer’s stock valued at $369,000 after purchasing an additional 191 shares during the period. 79.03% of the stock is owned by institutional investors and hedge funds.

GM opened at $62.19 on Friday. The stock’s fifty day moving average is $57.12 and its 200-day moving average is $56.20. The company has a market capitalization of $90.29 billion, a PE ratio of 8.31, a P/E/G ratio of 0.96 and a beta of 1.19. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.88 and a current ratio of 1.08. General Motors has a one year low of $40.04 and a one year high of $65.18.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Wednesday, October 27th. The auto manufacturer reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.54. The company had revenue of $26.78 billion for the quarter, compared to analyst estimates of $27.88 billion. General Motors had a return on equity of 20.41% and a net margin of 8.50%. General Motors’s revenue for the quarter was down 24.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.83 earnings per share. On average, equities research analysts forecast that General Motors will post 6.53 EPS for the current fiscal year.

About General Motors

General Motors Co engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial.

Further Reading: Market Capitalization in the Stock Market

Analyst Recommendations for General Motors (NYSE:GM)

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