General Motors (NYSE:GM) Receives $54.38 Consensus PT from Analysts

Shares of General Motors (NYSE:GM) (TSE:GMM.U) have received an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $54.65.

Several equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on General Motors from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Citigroup upped their price target on General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wedbush upped their price target on General Motors from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Barclays boosted their target price on General Motors from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Sanford C. Bernstein started coverage on General Motors in a report on Thursday. They issued an “outperform” rating and a $55.00 target price on the stock.

General Motors Price Performance

GM opened at $45.84 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. General Motors has a 52-week low of $26.30 and a 52-week high of $46.17. The stock has a market capitalization of $52.30 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.53 and a beta of 1.51. The stock’s 50 day moving average price is $42.27 and its 200-day moving average price is $36.36.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.60. The company had revenue of $43.01 billion for the quarter, compared to analysts’ expectations of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.21 earnings per share. On average, equities research analysts predict that General Motors will post 9.45 EPS for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a $0.12 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 1.05%. General Motors’s payout ratio is 5.87%.

Insiders Place Their Bets

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gerald Johnson sold 15,190 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.03, for a total value of $608,055.70. Following the completion of the transaction, the executive vice president now directly owns 98,628 shares in the company, valued at $3,948,078.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 86,248 shares of company stock valued at $3,614,078. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. raised its stake in shares of General Motors by 1.7% in the first quarter. Pinnacle Associates Ltd. now owns 42,478 shares of the auto manufacturer’s stock worth $1,926,000 after buying an additional 725 shares during the period. LifeSteps Financial Inc. bought a new stake in General Motors during the 1st quarter valued at approximately $25,000. YHB Investment Advisors Inc. bought a new stake in General Motors during the 1st quarter valued at approximately $32,000. ZWJ Investment Counsel Inc. raised its stake in General Motors by 5.5% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 374,439 shares of the auto manufacturer’s stock valued at $16,981,000 after purchasing an additional 19,375 shares during the period. Finally, Clear Creek Financial Management LLC raised its stake in General Motors by 14.5% during the 1st quarter. Clear Creek Financial Management LLC now owns 9,475 shares of the auto manufacturer’s stock valued at $424,000 after purchasing an additional 1,198 shares during the period. Institutional investors own 92.67% of the company’s stock.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.