#6 - General Motors (NYSE:GM)
General Motors (NYSE: GM) - Many automakers are trading at low multiples, making the current situation for General Motors very appealing. Not only is the automaker trading at a P/E ratio below many of its peers (6.72), it is one of the best performing industry stocks for YTD 2019 and, with a market cap that has risen to $54 billion, GM is the largest automobile manufacturer in the United States. The recent stock price surge comes after a better than expected fourth-quarter earnings report that included improved forward guidance for 2019 that included cost-cutting initiatives such as plant closures and layoffs. The company also recently implemented a share buyback program while also issuing a dividend with a 3.7% yield. Investors are also optimistic about the company’s recent partnership with Amazon to invest $700 million in the electronic truck manufacturer, Rivian. Although GM faces challenges in the electric vehicle (EV) category, they remain one of the pioneers of this space and sold over 40K electric cars in 2018, which was down from around 49K in 2017.
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.
Read More - Current Price
- $51.81
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 9 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $58.70 (13.3% Upside)
