General Motors (NYSE:GM) Receives $56.92 Consensus Price Target from Analysts

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U has earned an average recommendation of "Hold" from the twenty-one brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $56.92.

A number of equities research analysts have issued reports on the company. DZ Bank downgraded General Motors from a "buy" rating to a "hold" rating and set a $49.00 price target for the company. in a research note on Friday, October 11th. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein lifted their price objective on 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, Wedbush lifted their price objective on General Motors from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd.

Insider Activity

In other General Motors news, President Mark L. Reuss sold 122,283 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the transaction, the president now owns 126,907 shares of the company's stock, valued at $7,000,190.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other General Motors news, EVP Rory Harvey sold 2,302 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the completion of the sale, the executive vice president now directly owns 10,356 shares in the company, valued at approximately $489,942.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Mark L. Reuss sold 122,283 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares of the company's stock, valued at $7,000,190.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 653,511 shares of company stock valued at $35,012,844. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On General Motors

A number of hedge funds have recently made changes to their positions in GM. Strategic Investment Solutions Inc. IL acquired a new stake in General Motors in the second quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new stake in General Motors in the third quarter worth about $27,000. Wellington Shields Capital Management LLC acquired a new stake in General Motors in the second quarter worth about $28,000. Fortitude Family Office LLC boosted its holdings in General Motors by 56.1% in the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer's stock worth $29,000 after acquiring an additional 225 shares in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of General Motors during the second quarter worth about $33,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Down 1.0 %

Shares of NYSE:GM traded down $0.60 on Tuesday, hitting $57.06. 5,381,661 shares of the company traded hands, compared to its average volume of 14,907,455. General Motors has a 52 week low of $26.64 and a 52 week high of $58.26. The stock has a 50 day simple moving average of $48.97 and a 200-day simple moving average of $46.98. The company has a market cap of $62.74 billion, a PE ratio of 6.14, a PEG ratio of 0.42 and a beta of 1.40. 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 (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping the consensus estimate of $2.49 by $0.47. The company had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. General Motors's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $2.28 EPS. As a group, research analysts expect that General Motors will post 10.34 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, December 6th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, December 6th. General Motors's dividend payout ratio is currently 5.12%.

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.