Analysts Set General Motors Company (NYSE:GM) Target Price at $94.65

Shares of General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) have received an average rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $94.6522.

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Barclays cut their target price on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Zacks Research lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada cut their target price on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Finally, Bank of America started coverage on shares of General Motors in a research note on Wednesday, March 4th. They issued a “buy” rating and a $105.00 price objective on the stock.

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Key Headlines Impacting General Motors

Here are the key news stories impacting General Motors this week:

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new position in shares of General Motors in the fourth quarter valued at $25,000. Elevation Wealth Partners LLC lifted its position in shares of General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 275 shares in the last quarter. SouthState Bank Corp lifted its position in shares of General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares in the last quarter. Evergreen Advisors LLC bought a new position in shares of General Motors during the first quarter valued at about $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of General Motors during the fourth quarter valued at about $30,000. 92.67% of the stock is owned by institutional investors.

General Motors Stock Down 2.3%

Shares of NYSE GM opened at $73.11 on Friday. The firm has a market cap of $65.92 billion, a PE ratio of 29.48, a P/E/G ratio of 0.38 and a beta of 1.29. General Motors has a 12-month low of $46.81 and a 12-month high of $87.62. The company’s fifty day simple moving average is $75.94 and its 200 day simple moving average is $77.45. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $1.09. The business had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. General Motors’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, sell-side analysts forecast that General Motors will post 12.85 earnings per share for the current fiscal year.

General Motors declared that its board has authorized a share repurchase plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio (DPR) is 29.03%.

About General Motors

(Get Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

Further Reading

Analyst Recommendations for General Motors (NYSE:GM)

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