General Motors Company (NYSE:GM) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• General Motors has received a consensus recommendation of "Moderate Buy" from twenty-one brokerages, with twelve analysts rating it as a buy and one as a strong buy.
• The average 12-month target price for GM shares is $63.16, with analysts from various firms setting price targets ranging from $55.00 to $80.00.
• GM reported a quarterly EPS of $2.53, slightly exceeding expectations, while maintaining a revenue of $47.12 billion, which is a 1.8% decline year-over-year.

Shares of General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U have earned an average rating of "Moderate Buy" from the twenty-one brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $63.1579.

GM has been the topic of a number of analyst reports. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research note on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on shares of General Motors from $60.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday. Wedbush upped their price objective on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. Mizuho raised their target price on General Motors from $58.00 to $67.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. Finally, Barclays raised General Motors from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $55.00 to $73.00 in a research note on Friday, September 12th.

General Motors Price Performance

NYSE:GM opened at $59.42 on Friday. General Motors has a one year low of $41.60 and a one year high of $62.14. The stock has a market cap of $56.57 billion, a PE ratio of 9.43, a P/E/G ratio of 1.29 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The stock has a 50 day moving average price of $57.08 and a 200 day moving average price of $51.46.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same period in the prior year, the business earned $3.06 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 6,600 shares of the company's stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at approximately $527,380.35. This represents a 43.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Mark L. Reuss sold 136,161 shares of the stock in a transaction that occurred 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 transaction, the president directly owned 131,036 shares of the company's stock, valued at $7,877,884.32. The trade was a 50.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock valued at $122,377,213 in the last ninety days. Insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On General Motors

Several hedge funds have recently bought and sold shares of the company. Cassia Capital Partners LLC increased its stake in General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after purchasing an additional 7,221 shares during the period. Mirova grew its holdings in shares of General Motors by 4.1% in the first quarter. Mirova now owns 133,969 shares of the auto manufacturer's stock valued at $6,301,000 after purchasing an additional 5,293 shares in the last quarter. AustralianSuper Pty Ltd increased its stake in General Motors by 38.9% during the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after buying an additional 1,712,033 shares during the period. Sowell Financial Services LLC acquired a new stake in General Motors during the 1st quarter worth approximately $312,000. Finally, Boston Partners purchased a new position in General Motors in the 1st quarter valued at approximately $719,000. 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.

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