General Motors Company (NYSE:GM) Given Average Recommendation of "Hold" by Analysts

Shares of General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U have received a consensus recommendation of "Hold" from the twenty-two ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $55.17.

A number of equities research analysts have weighed in on the company. Industrial Alliance Securities set a $70.00 price objective on General Motors in a report on Friday, July 11th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a report on Friday, July 11th. CLSA raised General Motors to a "moderate buy" rating in a report on Monday, July 7th. BNP Paribas raised General Motors to a "strong-buy" rating in a report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft lowered General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target on the stock. in a research note on Monday, April 14th.

General Motors Stock Performance

Shares of GM stock opened at $53.23 on Friday. The company has a market capitalization of $51.18 billion, a P/E ratio of 7.67, a P/E/G ratio of 1.43 and a beta of 1.32. The business's 50 day moving average is $50.02 and its two-hundred day moving average is $48.71. The company has a current ratio of 1.21, a quick ratio of 1.04 and a debt-to-equity ratio of 1.46. 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 quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.63 by $0.15. The firm had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.62 earnings per share. Analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were issued a $0.15 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.13%. This is an increase from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is currently 8.65%.

Hedge Funds Weigh In On General Motors

Several institutional investors and hedge funds have recently added to or reduced their stakes in GM. Sowell Financial Services LLC increased its position in shares of General Motors by 2.9% during the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer's stock worth $336,000 after buying an additional 195 shares during the period. Nemes Rush Group LLC boosted its stake in General Motors by 18.7% during the fourth quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after acquiring an additional 217 shares in the last quarter. ICONIQ Capital LLC boosted its stake in General Motors by 4.2% during the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer's stock worth $256,000 after acquiring an additional 220 shares in the last quarter. Operose Advisors LLC boosted its stake in General Motors by 18.7% during the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after acquiring an additional 223 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in General Motors by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after acquiring an additional 226 shares in the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.