General Motors (NYSE:GM) Receives $59.33 Average PT from Brokerages

Shares of General Motors (NYSE:GM - Get Free Report) TSE: GMM.U have earned an average recommendation of "Hold" from the twenty-two brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $58.39.

A number of brokerages recently commented on GM. TD Cowen started coverage on shares of General Motors in a research note on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective for the company. Mizuho decreased their price objective on General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a research note on Thursday. JPMorgan Chase & Co. cut their target price on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. The Goldman Sachs Group lowered their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Cowen started coverage on shares of General Motors in a research note on Thursday, March 6th. They set a "buy" rating for the company.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now directly owns 13,714 shares in the company, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.

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Hedge Funds Weigh In On General Motors

Institutional investors and hedge funds have recently modified their holdings of the business. MML Investors Services LLC raised its stake in shares of General Motors by 3.0% during the 3rd quarter. MML Investors Services LLC now owns 139,000 shares of the auto manufacturer's stock worth $6,233,000 after buying an additional 4,023 shares during the period. Continuum Advisory LLC grew its position in shares of General Motors by 7.9% in the third quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer's stock valued at $131,000 after purchasing an additional 213 shares during the period. M&T Bank Corp increased its stake in shares of General Motors by 1.4% during the third quarter. M&T Bank Corp now owns 63,141 shares of the auto manufacturer's stock worth $2,831,000 after purchasing an additional 852 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of General Motors by 23.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 19,885 shares of the auto manufacturer's stock worth $955,000 after purchasing an additional 3,817 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in General Motors by 17.9% in the 3rd quarter. Toronto Dominion Bank now owns 526,107 shares of the auto manufacturer's stock valued at $23,591,000 after buying an additional 79,958 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Up 3.3 %

NYSE GM traded up $1.42 on Friday, reaching $45.05. 22,015,481 shares of the stock traded hands, compared to its average volume of 13,583,274. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The company has a fifty day moving average price of $47.36 and a 200-day moving average price of $50.39. The company has a market cap of $44.82 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 0.67 and a beta of 1.27.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. As a group, research analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, March 7th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.07%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

General Motors announced that its board has approved a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.