UBS AG reiterated their buy rating on shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in a research note released on Wednesday, The Fly reports. The brokerage currently has a $50.00 target price on the auto manufacturer’s stock, up from their prior target price of $39.00.
Several other research analysts have also commented on the company. BidaskClub upgraded General Motors from a buy rating to a strong-buy rating in a research report on Wednesday, July 19th. ValuEngine upgraded General Motors from a buy rating to a strong-buy rating in a research report on Friday, July 28th. Piper Jaffray Companies reiterated a buy rating and issued a $44.00 target price on shares of General Motors in a research report on Tuesday, September 12th. Royal Bank Of Canada reiterated a hold rating and issued a $37.00 target price on shares of General Motors in a research report on Friday, July 14th. Finally, Vetr lowered General Motors from a buy rating to a hold rating and set a $37.42 target price for the company. in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $42.50.
General Motors (NYSE GM) opened at 45.88 on Wednesday. General Motors has a one year low of $30.21 and a one year high of $46.11. The company has a 50-day moving average price of $40.07 and a 200-day moving average price of $35.91. The firm has a market capitalization of $66.86 billion, a P/E ratio of 7.98 and a beta of 1.45.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 25th. The auto manufacturer reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.17. The company had revenue of $36.98 billion for the quarter, compared to the consensus estimate of $37.67 billion. General Motors had a return on equity of 22.45% and a net margin of 5.38%. General Motors’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.86 EPS. On average, equities research analysts anticipate that General Motors will post $6.14 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 7th. General Motors’s dividend payout ratio (DPR) is presently 26.48%.
In related news, Director Patricia F. Russo bought 10,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were bought at an average cost of $34.73 per share, with a total value of $347,300.00. Following the completion of the transaction, the director now directly owns 12,300 shares of the company’s stock, valued at $427,179. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas S. Timko sold 17,255 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $35.79, for a total value of $617,556.45. Following the sale, the vice president now directly owns 26,100 shares in the company, valued at $934,119. The disclosure for this sale can be found here. Insiders have sold 852,901 shares of company stock worth $32,378,733 over the last ninety days. 0.04% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Neville Rodie & Shaw Inc. acquired a new stake in shares of General Motors during the third quarter worth $226,000. Park National Corp OH raised its position in shares of General Motors by 0.4% during the third quarter. Park National Corp OH now owns 706,335 shares of the auto manufacturer’s stock worth $28,522,000 after purchasing an additional 2,786 shares during the period. W. E. Donoghue & Co. LLC acquired a new stake in shares of General Motors during the second quarter worth $16,341,000. Intl Fcstone Inc. acquired a new stake in shares of General Motors during the second quarter worth $259,000. Finally, Paradigm Financial Advisors LLC raised its position in shares of General Motors by 11.3% during the second quarter. Paradigm Financial Advisors LLC now owns 7,462 shares of the auto manufacturer’s stock worth $261,000 after purchasing an additional 755 shares during the period. 72.22% of the stock is currently owned by institutional investors.
General Motors 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.
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