News stories about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. General Motors earned a coverage optimism score of 1.25 on their scale. InfoTrie also assigned media headlines about the auto manufacturer an news buzz score of 1 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected General Motors’ score:
- Debut of GM’s Cruise Origin shows the future of ride-hailing, autonomous vehicles is a box (cnbc.com)
- Q4 2019 Earnings Forecast for General Motors Issued By Jefferies Financial Group (NYSE:GM) (americanbankingnews.com)
- Update: Two engineers caught speeding in brand new Chevrolet Corvettes appear to have left General Motors (gulfnews.com)
- Michigan gets 10-year commitment in revision of tax breaks for GM (arkansasonline.com)
- GM agrees to wage guarantee, Michigan investments in tax deal (freep.com)
Several research firms recently commented on GM. Barclays reiterated a “buy” rating and issued a $44.00 price objective on shares of General Motors in a report on Wednesday. ValuEngine upgraded General Motors from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. UBS Group lifted their price objective on General Motors from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $49.00 price objective on shares of General Motors in a report on Sunday. Finally, Bank of America set a $55.00 price objective on General Motors and gave the stock a “buy” rating in a report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. General Motors currently has a consensus rating of “Buy” and an average price target of $46.75.
Shares of General Motors stock traded down $0.03 during trading hours on Thursday, reaching $34.88. 8,592,235 shares of the stock traded hands, compared to its average volume of 9,418,313. The company has a 50 day moving average price of $35.88 and a 200 day moving average price of $37.14. The firm has a market capitalization of $49.99 billion, a price-to-earnings ratio of 5.68, a P/E/G ratio of 0.52 and a beta of 1.37. General Motors has a one year low of $33.08 and a one year high of $41.90. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 1.43.
General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 29th. The auto manufacturer reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.54. The business had revenue of $35.50 billion during the quarter, compared to the consensus estimate of $35.21 billion. General Motors had a return on equity of 19.78% and a net margin of 6.19%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 EPS. Sell-side analysts anticipate that General Motors will post 4.76 earnings per share for the current year.
About General Motors
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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