General Motors Company (NYSE:GM) Stock Rated “Moderate Buy” by Sell-Side Analysts

General Motors Company (NYSE:GM) (TSE:GMM.U) has received an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $101.44.

Several equities research analysts have commented on GM shares. TD Cowen reaffirmed a “buy” rating and issued a $132.00 target price on shares of General Motors in a research note on Wednesday, October 21st. Truist Financial set a $105.00 price target on shares of General Motors in a report on Wednesday, October 7th. UBS Group lowered their price objective on shares of General Motors from $112.00 to $109.00 and set a “buy” rating for the company in a research report on Wednesday, October 21st. Deutsche Bank set a $98.00 price objective on General Motors in a research note on Wednesday, October 21st. Finally, Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $99.00 in a report on Monday, July 27th.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 16,513 shares of General Motors stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $89.64, for a total transaction of $1,480,225.32. Following the transaction, the executive vice president owned 12,000 shares in the company, valued at $1,075,680. The trade was a 57.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by company insiders.

Institutional Trading of General Motors

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. acquired a new position in General Motors during the 3rd quarter worth approximately $1,897,000. Edmond DE Rothschild Holding S.A. grew its stake in shares of General Motors by 18.0% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 11,483 shares of the auto manufacturer’s stock worth $884,000 after acquiring an additional 1,750 shares in the last quarter. Private Wealth Asset Management LLC raised its holdings in shares of General Motors by 2,970.2% in the third quarter. Private Wealth Asset Management LLC now owns 23,303 shares of the auto manufacturer’s stock valued at $1,794,000 after purchasing an additional 22,544 shares during the last quarter. Westpac Banking Corp raised its holdings in shares of General Motors by 3.9% in the third quarter. Westpac Banking Corp now owns 28,497 shares of the auto manufacturer’s stock valued at $2,194,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of General Motors by 34.4% in the third quarter. Private Advisor Group LLC now owns 37,536 shares of the auto manufacturer’s stock valued at $2,890,000 after purchasing an additional 9,607 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors Trading Up 0.2%

NYSE:GM opened at $88.87 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32. General Motors has a 1-year low of $67.06 and a 1-year high of $93.70. The firm has a market capitalization of $74.97 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 0.50 and a beta of 1.40. The business’s 50-day moving average price is $83.53 and its two-hundred day moving average price is $80.96.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.01. The company had revenue of $50.02 billion during the quarter, compared to analyst estimates of $48.78 billion. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.80 EPS. On average, equities analysts expect that General Motors will post 13.36 earnings per share for the current year.

General Motors announced that its board has approved a share buyback program on Tuesday, October 20th that allows the company to buy back $20 billion in outstanding shares. This buyback authorization allows the auto manufacturer to reacquire up to 27.5% of its shares through open market purchases. Share buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s dividend payout ratio (DPR) is currently 16.51%.

Recent General Motors Headlines

Here are a few of the latest headlines about GM:

• Positive Sentiment: GM is trying to convert used-car shoppers into new-vehicle buyers by revamping its certified-used program. Success could help support new-car sales, although the article notes that rising vehicle prices are pushing consumers toward used cars. How GM is trying to talk used car shoppers into buying new vehicles
• Neutral Sentiment: GM and Honda’s investments reflect increasing interest in hybrids. The shift may reinforce the relevance of hybrid offerings, but the report does not detail a specific near-term financial impact for GM. GM, Honda Investments Reflect Rising Interest In Hybrids
• Negative Sentiment: Ford hired former GM executive Marissa West to lead its vehicle programs and product refresh through 2029. Her departure is a potential talent loss for GM, though the report does not describe an impact on GM’s operations. Ford Motor (F) Brings In Marissa West To Lead Its 2029 Vehicle Refresh

General Motors Company Profile

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers. Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.