General Motors Company (GM) Earns Hold Rating from Analysts at CLSA

CLSA initiated coverage on shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in a research note released on Wednesday. The firm issued a hold rating and a $37.00 price target on the auto manufacturer’s stock.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of General Motors Company from a hold rating to a buy rating and set a $38.00 price target for the company in a report on Wednesday, June 21st. Guggenheim initiated coverage on shares of General Motors Company in a research note on Wednesday, June 21st. They set a neutral rating and a $37.00 price target on the stock. Bank of America Corporation reaffirmed a buy rating and set a $40.00 price target (down from $44.00) on shares of General Motors Company in a research note on Friday, June 16th. BidaskClub raised shares of General Motors Company from a hold rating to a buy rating in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $36.00 price target on shares of General Motors Company in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. General Motors Company currently has an average rating of Buy and a consensus target price of $39.71.

General Motors Company (NYSE:GM) traded down 0.26% during mid-day trading on Wednesday, reaching $34.43. 2,511,750 shares of the company traded hands. The firm has a market capitalization of $51.96 billion, a price-to-earnings ratio of 5.33 and a beta of 1.35. The stock’s 50 day moving average price is $33.80 and its 200 day moving average price is $35.41. General Motors Company has a 52 week low of $27.34 and a 52 week high of $38.55. General Motors Company also was the target of some unusual options trading activity on Monday. Investors purchased 26,728 put options on the company. This represents an increase of approximately 200% compared to the average daily volume of 8,904 put options.

General Motors Company (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Friday, April 28th. The auto manufacturer reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.25. The business had revenue of $41.20 billion during the quarter, compared to the consensus estimate of $37.38 billion. General Motors Company had a net margin of 5.92% and a return on equity of 22.82%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 EPS. Equities analysts forecast that General Motors Company will post $6.05 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.40%. General Motors Company’s dividend payout ratio is currently 23.53%.

In other news, insider Stefan Jacoby sold 2,686 shares of General Motors Company stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $33.85, for a total transaction of $90,921.10. Following the sale, the insider now owns 80,379 shares in the company, valued at $2,720,829.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark L. Reuss sold 75,000 shares of General Motors Company stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $33.35, for a total transaction of $2,501,250.00. Following the sale, the insider now owns 133,052 shares in the company, valued at approximately $4,437,284.20. The disclosure for this sale can be found here. Insiders have sold 126,828 shares of company stock worth $4,208,691 in the last quarter. Insiders own 0.04% of the company’s stock.

Several hedge funds have recently bought and sold shares of GM. State of Alaska Department of Revenue purchased a new stake in General Motors Company during the first quarter worth about $103,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in General Motors Company during the first quarter worth about $106,000. FNY Managed Accounts LLC purchased a new stake in General Motors Company during the first quarter worth about $107,000. LeJeune Puetz Investment Counsel LLC purchased a new stake in General Motors Company during the fourth quarter worth about $119,000. Finally, SRS Capital Advisors Inc. raised its stake in General Motors Company by 171.9% in the first quarter. SRS Capital Advisors Inc. now owns 5,160 shares of the auto manufacturer’s stock worth $182,000 after buying an additional 3,262 shares in the last quarter. Institutional investors own 74.64% of the company’s stock.

General Motors Company Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Analyst Recommendations for General Motors Company (NYSE:GM)

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