General Motors (NYSE:GM) Stock Price Expected to Rise, Barclays Analyst Says

General Motors (NYSE:GM - Free Report) TSE: GMM.U had its target price lifted by Barclays from $40.00 to $45.00 in a report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the auto manufacturer's stock.

A number of other equities research analysts also recently commented on the company. The Goldman Sachs Group reduced their target price on General Motors from $73.00 to $63.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Sanford C. Bernstein cut shares of General Motors from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $50.00 to $35.00 in a research report on Monday, April 7th. Citigroup began coverage on shares of General Motors in a report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price objective on the stock. Wedbush dropped their target price on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Wells Fargo & Company restated an "underweight" rating on shares of General Motors in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $54.28.

General Motors Trading Up 0.3 %

Shares of NYSE GM traded up $0.16 during trading on Monday, hitting $47.51. 8,581,366 shares of the company were exchanged, compared to its average volume of 13,425,366. The company has a fifty day moving average price of $46.63 and a 200-day moving average price of $50.10. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The firm has a market capitalization of $45.68 billion, a PE ratio of 7.73, a P/E/G ratio of 0.67 and a beta of 1.36. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. General Motors's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.62 EPS. As a group, equities research analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. General Motors's dividend payout ratio (DPR) is presently 8.65%.

General Motors declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

Institutional Trading of General Motors

Hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its position in General Motors by 19.7% in the fourth quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock valued at $488,000 after purchasing an additional 1,510 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of General Motors in the 4th quarter valued at approximately $25,404,000. SYM FINANCIAL Corp acquired a new position in General Motors during the fourth quarter worth $474,000. Asset Management One Co. Ltd. raised its position in General Motors by 9.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock worth $25,178,000 after acquiring an additional 39,474 shares in the last quarter. Finally, Avantra Family Wealth Inc. acquired a new stake in General Motors in the fourth quarter valued at $1,044,000. Institutional investors and hedge funds 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.