General Motors Company (NYSE:GM) Receives $63.16 Consensus PT from Brokerages

Shares of General Motors Company (NYSE:GM) (TSE:GMM.U) have earned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $63.2632.

GM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Barclays upgraded shares of General Motors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $55.00 to $73.00 in a research report on Friday, September 12th. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research note on Friday, July 11th. Wedbush lifted their price target on General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Finally, CLSA upgraded General Motors to a “moderate buy” rating in a research report on Monday, July 7th.

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the completion of the transaction, the president directly owned 131,036 shares in the company, valued at approximately $7,877,884.32. This represents a 50.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,074,824 shares of company stock worth $122,377,213 in the last quarter. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On General Motors

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of General Motors by 11.5% in the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after acquiring an additional 11,418,367 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in General Motors by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock valued at $676,322,000 after purchasing an additional 316,196 shares during the last quarter. Invesco Ltd. lifted its holdings in General Motors by 4.5% in the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock valued at $646,482,000 after purchasing an additional 594,217 shares in the last quarter. AQR Capital Management LLC boosted its stake in General Motors by 146.8% during the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the last quarter. Finally, Viking Global Investors LP grew its holdings in shares of General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after buying an additional 5,830,050 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Up 1.2%

General Motors stock opened at $60.07 on Friday. The business’s 50-day moving average price is $57.22 and its 200 day moving average price is $51.57. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm has a market cap of $57.19 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. General Motors has a 52 week low of $41.60 and a 52 week high of $62.14.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.General Motors’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were given a dividend of $0.15 per share. The ex-dividend date was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors’s dividend payout ratio (DPR) is 9.52%.

General Motors Company Profile

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.