General Motors (NYSE:GM) Receives $54.65 Consensus PT from Brokerages

Shares of General Motors (NYSE:GM) (TSE:GMM.U) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $54.65.

GM has been the subject of several analyst reports. Sanford C. Bernstein initiated coverage on shares of General Motors in a research report on Thursday, April 25th. They set an “outperform” rating and a $55.00 price target for the company. Piper Sandler lifted their price target on shares of General Motors from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Tigress Financial increased their price objective on General Motors from $86.00 to $88.00 and gave the company a “strong-buy” rating in a report on Thursday, February 15th. The Goldman Sachs Group boosted their target price on General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, StockNews.com raised General Motors from a “hold” rating to a “buy” rating in a report on Thursday, April 25th.

General Motors Stock Performance

NYSE:GM opened at $43.73 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 1.16. The stock’s fifty day moving average is $44.23 and its 200 day moving average is $38.37. The firm has a market capitalization of $49.89 billion, a PE ratio of 5.35, a PEG ratio of 0.52 and a beta of 1.49. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $46.17.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The firm had revenue of $43.01 billion during the quarter, compared to analysts’ expectations of $41.09 billion. During the same period in the previous year, the company earned $2.21 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that General Motors will post 9.4 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.10%. General Motors’s dividend payout ratio is presently 5.87%.

Insiders Place Their Bets

In other news, EVP Gerald Johnson sold 15,190 shares of General Motors stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.03, for a total value of $608,055.70. Following the sale, the executive vice president now owns 98,628 shares in the company, valued at $3,948,078.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Christopher Hatto sold 3,500 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now owns 12,007 shares of the company’s stock, valued at $540,315. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerald Johnson sold 15,190 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.03, for a total transaction of $608,055.70. Following the transaction, the executive vice president now 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 90 days, insiders have sold 72,422 shares of company stock worth $3,085,372. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Unison Advisors LLC increased its stake in General Motors by 0.4% during the first quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer’s stock worth $3,047,000 after acquiring an additional 246 shares during the last quarter. Janiczek Wealth Management LLC raised its holdings in shares of General Motors by 5.2% in the 1st quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer’s stock valued at $230,000 after buying an additional 248 shares during the period. SkyOak Wealth LLC lifted its stake in General Motors by 3.0% during the 1st quarter. SkyOak Wealth LLC now owns 8,727 shares of the auto manufacturer’s stock worth $396,000 after acquiring an additional 252 shares in the last quarter. Bell Investment Advisors Inc boosted its holdings in General Motors by 39.7% during the 1st quarter. Bell Investment Advisors Inc now owns 897 shares of the auto manufacturer’s stock valued at $41,000 after acquiring an additional 255 shares during the period. Finally, Turtle Creek Wealth Advisors LLC increased its stake in General Motors by 2.2% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 12,013 shares of the auto manufacturer’s stock worth $545,000 after purchasing an additional 258 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

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.