General Motors (NYSE:GM) Given Equal Weight Rating at Barclays

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U's stock had its "equal weight" rating restated by investment analysts at Barclays in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a $40.00 price target on the auto manufacturer's stock, down from their previous price target of $70.00. Barclays's target price points to a potential downside of 10.21% from the stock's current price.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lowered General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a research note on Monday, April 14th. Piper Sandler boosted their target price on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. TD Cowen assumed coverage on shares of General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group cut their price target on shares of General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $56.72.

General Motors Price Performance

Shares of GM stock traded up $0.33 during trading hours on Tuesday, reaching $44.55. The stock had a trading volume of 11,706,110 shares, compared to its average volume of 13,552,778. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $44.32 billion, a PE ratio of 7.24, a PEG ratio of 0.67 and a beta of 1.27. The stock's fifty day simple moving average is $47.10 and its 200 day simple moving average is $50.33.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors declared that its board has authorized a stock buyback program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now directly owns 13,714 shares of the company's stock, valued at approximately $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.72% of the company's stock.

Institutional Trading of General Motors

Large investors have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in General Motors in the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new position in shares of General Motors in the fourth quarter worth approximately $26,000. Compass Planning Associates Inc purchased a new stake in General Motors during the fourth quarter valued at approximately $27,000. Duncker Streett & Co. Inc. raised its position in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 498 shares during the period. Finally, Whittier Trust Co. boosted its stake in shares of General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 425 shares during the last quarter. 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.