Analysts Set General Motors (NYSE:GM) Target Price at $61.17

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U has been given a consensus rating of "Hold" by the twenty-one brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $61.17.

A number of brokerages have recently issued reports on GM. DZ Bank downgraded shares of General Motors from a "buy" rating to a "hold" rating and set a $49.00 price target on the stock. in a report on Friday, October 11th. JPMorgan Chase & Co. increased their price target on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Morgan Stanley upgraded shares of General Motors from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Sanford C. Bernstein increased their price target on shares of General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group increased their price target on shares of General Motors from $53.00 to $61.00 and gave the company a "buy" rating in a research report on Tuesday, October 1st.

Insider Activity at General Motors

In related news, EVP Craig B. Glidden sold 383,142 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the sale, the executive vice president now owns 122,465 shares of the company's stock, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares of the company's stock, valued at $510,865.13. This trade represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 514,344 shares of company stock valued at $28,977,691 over the last 90 days. Corporate insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On General Motors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crews Bank & Trust purchased a new position in shares of General Motors during the 4th quarter worth $26,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of General Motors during the 2nd quarter worth $25,000. Sugar Maple Asset Management LLC purchased a new position in shares of General Motors during the 4th quarter worth $31,000. Catalyst Capital Advisors LLC purchased a new position in shares of General Motors during the 3rd quarter worth $27,000. Finally, Truvestments Capital LLC purchased a new position in shares of General Motors during the 3rd quarter valued at $27,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

General Motors stock traded down $0.27 during mid-day trading on Friday, reaching $53.95. 6,618,712 shares of the company's stock were exchanged, compared to its average volume of 6,819,393. The business's fifty day simple moving average is $53.17 and its 200 day simple moving average is $49.87. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a one year low of $34.71 and a one year high of $61.24. The firm has a market capitalization of $59.32 billion, a PE ratio of 5.75, a P/E/G ratio of 0.38 and a beta of 1.42.

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.