Brokerages Set General Motors Company (NYSE:GM) Price Target at $74.81

Shares of General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) have been given a consensus recommendation of “Moderate Buy” by the twenty-three brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation, fourteen have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $75.7619.

GM has been the subject of several analyst reports. Weiss Ratings downgraded shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Piper Sandler set a $66.00 price objective on shares of General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group upped their target price on shares of General Motors from $81.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. raised their price target on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Finally, Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $54.00 to $90.00 in a research report on Monday, December 8th.

Read Our Latest Analysis on General Motors

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the transaction, the executive vice president owned 8,513 shares in the company, valued at $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the sale, the president directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,254,589 shares of company stock worth $77,219,450 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On General Motors

Hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC lifted its position in General Motors by 6.2% during the 2nd quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock valued at $16,802,000 after purchasing an additional 20,017 shares during the period. Mirova lifted its holdings in General Motors by 4.1% in the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock valued at $6,301,000 after buying an additional 5,293 shares during the period. Engineers Gate Manager LP boosted its stake in General Motors by 200.3% in the second quarter. Engineers Gate Manager LP now owns 1,282,075 shares of the auto manufacturer’s stock valued at $63,091,000 after acquiring an additional 855,137 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in General Motors by 6.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after acquiring an additional 526 shares during the period. Finally, Ieq Capital LLC grew its holdings in General Motors by 233.7% during the 1st quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer’s stock worth $23,854,000 after acquiring an additional 355,235 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Key General Motors News

Here are the key news stories impacting General Motors this week:

General Motors Stock Performance

Shares of NYSE GM opened at $82.37 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm’s 50-day moving average price is $70.83 and its two-hundred day moving average price is $60.29. General Motors has a 52-week low of $41.60 and a 52-week high of $83.04. The stock has a market capitalization of $76.84 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.75 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The business had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same period in the prior year, the firm earned $2.96 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, sell-side analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, December 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, December 5th. General Motors’s dividend payout ratio is currently 12.07%.

General Motors Company Profile

(Get Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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Analyst Recommendations for General Motors (NYSE:GM)

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