General Motors (NYSE:GM) Raised to "Buy" at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U from a hold rating to a buy rating in a report released on Tuesday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has $60.00 price objective on the auto manufacturer's stock, up from their prior price objective of $56.00.

GM has been the topic of a number of other reports. Wells Fargo & Company decreased their price objective on General Motors from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Monday, December 16th. Mizuho increased their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. UBS Group lifted their price target on shares of General Motors from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Barclays lifted their price objective on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their target price on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $60.05.

General Motors Stock Performance

GM stock traded up $2.74 during trading on Tuesday, reaching $53.71. 8,839,511 shares of the stock were exchanged, compared to its average volume of 8,344,425. The stock has a 50 day simple moving average of $53.46 and a 200-day simple moving average of $49.69. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. General Motors has a twelve month low of $34.56 and a twelve month high of $61.24. The company has a market capitalization of $59.06 billion, a P/E ratio of 5.73, a price-to-earnings-growth ratio of 0.37 and a beta of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to analysts' expectations of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 EPS. As a group, sell-side analysts anticipate that General Motors will post 10.34 earnings per share for the current year.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 9,307 shares of the business's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $54.01, for a total value of $502,671.07. Following the completion of the sale, the executive vice president now directly owns 8,513 shares of the company's stock, valued at $459,787.13. The trade was a 52.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mary T. Barra sold 506,824 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now directly owns 694,548 shares in the company, valued at $37,040,244.84. This trade represents a 42.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,030,475 shares of company stock valued at $56,509,286. Company insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On General Motors

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in General Motors by 0.5% in the third quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer's stock worth $1,055,395,000 after purchasing an additional 106,878 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of General Motors by 6.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer's stock worth $774,766,000 after buying an additional 989,750 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of General Motors by 3.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer's stock worth $498,310,000 after acquiring an additional 421,989 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in General Motors by 6.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 5,798,131 shares of the auto manufacturer's stock worth $259,988,000 after acquiring an additional 358,507 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in General Motors by 123.1% in the third quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer's stock worth $144,655,000 after purchasing an additional 1,779,897 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

About General Motors

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.