General Motors (NYSE:GM) Stock Price Expected to Rise, UBS Group Analyst Says

General Motors (NYSE:GM) (TSE:GMM.U) had its target price increased by investment analysts at UBS Group from $62.00 to $64.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the auto manufacturer’s stock. UBS Group’s price objective would indicate a potential upside of 23.79% from the stock’s current price.

A number of other brokerages have also commented on GM. Mizuho increased their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. JPMorgan Chase & Co. increased their price target on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays boosted their price objective on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wedbush raised their target price on shares of General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada boosted their target price on shares of General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $59.68.

General Motors Stock Down 0.0 %

Shares of NYSE GM traded down $0.00 during trading hours on Thursday, hitting $51.70. The stock had a trading volume of 3,763,721 shares, compared to its average volume of 7,929,005. The firm’s 50-day moving average price is $53.83 and its two-hundred day moving average price is $49.56. General Motors has a 52 week low of $34.32 and a 52 week high of $61.24. The company has a market capitalization of $56.85 billion, a P/E ratio of 5.51, a P/E/G ratio of 0.36 and a beta of 1.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The company had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the prior year, the business posted $2.28 EPS. General Motors’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts anticipate that General Motors will post 10.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of General Motors stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. The trade was a 42.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Mark L. Reuss sold 122,283 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total value of $6,745,130.28. Following the sale, the president now owns 126,907 shares in the company, valued at $7,000,190.12. The trade was a 49.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,030,475 shares of company stock worth $56,509,286 over the last three months. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General Motors

A number of hedge funds have recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI acquired a new position in shares of General Motors during the second quarter worth approximately $231,000. Mercer Global Advisors Inc. ADV lifted its holdings in General Motors by 14.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 134,537 shares of the auto manufacturer’s stock worth $6,251,000 after buying an additional 17,159 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in General Motors by 15.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 146,123 shares of the auto manufacturer’s stock valued at $6,784,000 after buying an additional 19,798 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in shares of General Motors in the 2nd quarter valued at $244,000. Finally, Intech Investment Management LLC raised its position in shares of General Motors by 2.5% during the second quarter. Intech Investment Management LLC now owns 1,160,892 shares of the auto manufacturer’s stock worth $53,935,000 after acquiring an additional 28,688 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.