General Motors (NYSE:GM) Receives Average Rating of “Moderate Buy” from Brokerages

General Motors (NYSE:GM) (TSE:GMM.U) has been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $55.96.

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of General Motors in a research report on Thursday, April 25th. They set an “outperform” rating and a $55.00 price target on the stock. Wedbush raised their price target on shares of General Motors from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. UBS Group raised their price target on shares of General Motors from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Barclays raised their price objective on shares of General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Citigroup raised their price objective on shares of General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th.

Insider Transactions at General Motors

In related news, CEO Mary T. Barra sold 326,305 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the completion of the transaction, the chief executive officer now owns 898,648 shares of the company’s stock, valued at $43,431,657.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Mary T. Barra sold 326,305 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $48.33, for a total transaction of $15,770,320.65. Following the completion of the transaction, the chief executive officer now owns 898,648 shares of the company’s stock, valued at $43,431,657.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Mark L. Reuss sold 14,858 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $46.01, for a total transaction of $683,616.58. Following the transaction, the president now directly owns 162,049 shares of the company’s stock, valued at approximately $7,455,874.49. The disclosure for this sale can be found here. Insiders sold 1,152,621 shares of company stock worth $51,818,111 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On General Motors

Hedge funds have recently bought and sold shares of the company. LifeSteps Financial Inc. bought a new stake in General Motors during the first quarter valued at approximately $25,000. Highlander Capital Management LLC bought a new stake in General Motors during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC lifted its position in General Motors by 56.1% during the second quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 225 shares during the last quarter. Cape Investment Advisory Inc. lifted its position in General Motors by 75.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 359 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new stake in General Motors during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 1.0 %

GM opened at $49.78 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.97. The company’s 50-day moving average is $46.18 and its 200 day moving average is $42.42. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $50.00. The firm has a market capitalization of $56.79 billion, a P/E ratio of 6.08, a PEG ratio of 0.52 and a beta of 1.43.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The company had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same period last year, the firm earned $2.21 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Research analysts expect that General Motors will post 9.43 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, June 7th were paid a $0.12 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. General Motors’s payout ratio is 5.87%.

General Motors declared that its board has authorized a stock repurchase program on Tuesday, June 11th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to buy up to 10.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.