General Motors (NYSE:GM) Price Target Raised to $86.00

General Motors (NYSE:GM) (TSE:GMM.U) had its price target boosted by stock analysts at Citigroup from $75.00 to $86.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the auto manufacturer’s stock. Citigroup’s price objective suggests a potential upside of 28.00% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Bank of America lowered their target price on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI raised their price objective on shares of General Motors from $55.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Benchmark restated a “buy” rating on shares of General Motors in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group raised their price objective on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $68.50.

General Motors Stock Performance

NYSE GM opened at $67.19 on Thursday. General Motors has a 1 year low of $41.60 and a 1 year high of $67.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The stock has a market capitalization of $63.97 billion, a PE ratio of 13.52, a P/E/G ratio of 1.67 and a beta of 1.33. The company’s 50 day simple moving average is $58.61 and its two-hundred day simple moving average is $52.45.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.36%. The business had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same period in the prior year, the company posted $2.96 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Analysts predict that General Motors will post 11.44 earnings per share for the current fiscal year.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the sale, the executive vice president owned 8,513 shares of the company’s stock, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Mark L. Reuss sold 136,161 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the completion of the sale, the president directly owned 131,036 shares in the company, valued at approximately $7,877,884.32. This trade represents a 50.96% 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 currently owned by company insiders.

Institutional Investors Weigh In On General Motors

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in General Motors by 11.5% in the 2nd 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 grew its holdings 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 worth $676,322,000 after acquiring an additional 316,196 shares during the last quarter. Invesco Ltd. grew 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 worth $646,482,000 after acquiring an additional 594,217 shares during the last quarter. AQR Capital Management LLC grew its holdings in General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after acquiring an additional 8,012,743 shares during the last quarter. Finally, Viking Global Investors LP grew its holdings in General Motors by 81.1% in the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after acquiring an additional 5,830,050 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

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.