General Motors (NYSE:GM) Given New $110.00 Price Target at JPMorgan Chase & Co.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) had its price target increased by research analysts at JPMorgan Chase & Co. from $98.00 to $110.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the auto manufacturer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 46.29% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. UBS Group restated a “buy” rating on shares of General Motors in a report on Wednesday, June 10th. Citigroup boosted their price objective on General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price on the stock in a report on Wednesday, March 25th. Evercore reiterated an “outperform” rating and issued a $100.00 price target on shares of General Motors in a research note on Monday, May 4th. Finally, TD Cowen boosted their price target on shares of General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.13.

View Our Latest Research Report on GM

General Motors Stock Down 1.1%

General Motors stock traded down $0.84 during mid-day trading on Wednesday, reaching $75.19. 677,676 shares of the company’s stock were exchanged, compared to its average volume of 8,015,906. 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 has a twelve month low of $48.87 and a twelve month high of $87.62. The company has a market cap of $67.80 billion, a P/E ratio of 30.34, a P/E/G ratio of 0.39 and a beta of 1.31. The company has a fifty day moving average of $78.97 and a 200-day moving average of $79.20.

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

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the sale, the chief accounting officer owned 25,794 shares in the company, valued at approximately $2,192,490. The trade was a 21.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 99,239 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total transaction of $8,445,238.90. Following the completion of the transaction, the chief executive officer owned 592,242 shares of the company’s stock, valued at approximately $50,399,794.20. The trade was a 14.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 697,388 shares of company stock valued at $57,752,596. 0.54% of the stock is owned by corporate insiders.

Institutional Trading of General Motors

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC lifted its holdings in shares of General Motors by 70.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 464 shares of the auto manufacturer’s stock valued at $36,000 after purchasing an additional 192 shares during the last quarter. Czech National Bank grew its stake in General Motors by 4.2% during the 2nd quarter. Czech National Bank now owns 256,648 shares of the auto manufacturer’s stock worth $19,782,000 after buying an additional 10,456 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its position in General Motors by 3.4% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 173,260 shares of the auto manufacturer’s stock worth $13,355,000 after buying an additional 5,722 shares during the period. Apella Capital LLC lifted its stake in General Motors by 10.3% in the second quarter. Apella Capital LLC now owns 2,953 shares of the auto manufacturer’s stock valued at $225,000 after buying an additional 276 shares during the last quarter. Finally, 55 North Private Wealth LLC lifted its stake in General Motors by 7.4% in the second quarter. 55 North Private Wealth LLC now owns 2,900 shares of the auto manufacturer’s stock valued at $224,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors News Summary

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About General Motors

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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.

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