General Motors (NYSE:GM) Lowered to "Hold" Rating by Deutsche Bank Aktiengesellschaft

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note issued on Monday, Marketbeat Ratings reports. They currently have a $43.00 target price on the auto manufacturer's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential downside of 3.47% from the stock's previous close.

GM has been the topic of a number of other reports. TD Cowen began coverage on General Motors in a report on Friday, March 7th. They issued a "buy" rating and a $105.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective 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. StockNews.com lowered shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Mizuho dropped their target price on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, April 10th. Finally, Piper Sandler raised their target price on shares of General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, General Motors currently has a consensus rating of "Hold" and an average price target of $56.72.

General Motors Stock Performance

Shares of GM stock traded up $0.33 during trading hours on Monday, reaching $44.55. The company had a trading volume of 11,706,110 shares, compared to its average volume of 13,563,096. 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 business has a fifty day moving average price of $47.14 and a 200-day moving average price of $50.29. General Motors has a one year low of $38.96 and a one year high of $61.24. The firm has a market cap of $44.32 billion, a PE ratio of 7.24, a price-to-earnings-growth 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 results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. Sell-side analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business'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 acquisition, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company's stock.

Institutional Trading of General Motors

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. boosted its holdings in General Motors by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer's stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares during the last quarter. Geode Capital Management LLC increased its position in shares of General Motors by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer's stock valued at $1,264,567,000 after acquiring an additional 176,436 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of General Motors by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer's stock valued at $749,382,000 after acquiring an additional 228,408 shares during the period. Norges Bank acquired a new position in shares of General Motors in the 4th quarter worth approximately $592,321,000. Finally, Northern Trust Corp boosted its position in shares of General Motors by 8.1% during the 4th quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock worth $582,251,000 after purchasing an additional 822,454 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.