General Motors' (GM) "Neutral" Rating Reiterated at UBS Group

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U's stock had its "neutral" rating restated by stock analysts at UBS Group in a report issued on Thursday, Marketbeat Ratings reports. They presently have a $51.00 price target on the auto manufacturer's stock, down from their previous price target of $64.00. UBS Group's price objective suggests a potential upside of 13.21% from the stock's previous close.

A number of other equities analysts also recently issued reports on GM. TD Cowen started coverage on General Motors in a research note on Friday, March 7th. They set a "buy" rating and a $105.00 price target for the company. Cowen assumed coverage on General Motors in a research report on Thursday, March 6th. They set a "buy" rating on the stock. Piper Sandler upped their price target on General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Sanford C. Bernstein cut General Motors from a "market perform" rating to an "underperform" rating and dropped their price objective for the company from $50.00 to $35.00 in a research note on Monday, April 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $58.39.

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General Motors Trading Up 3.3 %

Shares of GM stock traded up $1.42 during trading hours on Thursday, hitting $45.05. 22,014,202 shares of the company were exchanged, compared to its average volume of 13,583,268. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. 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 firm has a market cap of $44.82 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.67 and a beta of 1.27. The company has a 50 day simple moving average of $47.36 and a two-hundred day simple moving average of $50.39.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS 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%. Equities analysts anticipate that General Motors will post 11.44 EPS for the current year.

General Motors announced that its board has authorized 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 buy 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.

Insiders Place Their Bets

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were bought at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in General Motors during the 4th quarter valued at about $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors during the fourth quarter valued at approximately $26,000. Measured Risk Portfolios Inc. purchased a new stake in shares of General Motors during the fourth quarter valued at approximately $27,000. Compass Planning Associates Inc bought a new position in shares of General Motors in the fourth quarter worth approximately $27,000. Finally, Whittier Trust Co. increased its stake in shares of General Motors by 551.9% in the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock worth $27,000 after buying an additional 425 shares during the period. 92.67% of the stock is owned by institutional investors.

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.