Brokerages Set General Motors Company (NYSE:GM) Price Target at $57.53

Key Points

• General Motors has received a consensus rating of "Hold" from 22 brokerages, with recommendations ranging from sell to strong buy.
• The company plans to pay a quarterly dividend of $0.15 on September 18th, representing an annualized yield of 1.1%.
• General Motors reported EPS of $2.53 for the last quarter, slightly exceeding analyst expectations, but revenue decreased by 1.8% year-over-year.

General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U has been given a consensus rating of "Hold" by the twenty-two ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $57.5263.

A number of analysts have issued reports on GM shares. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a report on Friday, July 11th. Barclays raised their price target on General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Benchmark assumed coverage on General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 price target for the company. The Goldman Sachs Group restated a "buy" rating on shares of General Motors in a report on Friday, July 11th. Finally, CLSA upgraded General Motors to a "moderate buy" rating in a report on Monday, July 7th.

General Motors Price Performance

Shares of NYSE:GM traded down $0.09 during trading on Thursday, hitting $56.22. 2,612,356 shares of the company's stock were exchanged, compared to its average volume of 11,840,119. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. General Motors has a 52-week low of $41.60 and a 52-week high of $61.24. The business's 50-day simple moving average is $51.70 and its 200 day simple moving average is $48.91. The company has a market cap of $53.53 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 1.19 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.01. The firm had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The firm's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $3.06 earnings per share. As a group, equities analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio (DPR) is currently 9.52%.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at $661,585.70. The trade was a 75.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the sale, the executive vice president owned 8,513 shares of the company's stock, valued at approximately $451,274.13. This represents a 73.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On General Motors

Several large investors have recently modified their holdings of the business. Sowell Financial Services LLC grew its position in General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer's stock worth $336,000 after purchasing an additional 195 shares during the last quarter. Mayflower Financial Advisors LLC grew its holdings in General Motors by 4.1% in the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer's stock valued at $254,000 after purchasing an additional 205 shares during the period. Certuity LLC grew its holdings in General Motors by 3.6% in the second quarter. Certuity LLC now owns 6,043 shares of the auto manufacturer's stock valued at $297,000 after purchasing an additional 209 shares during the period. ICONIQ Capital LLC grew its holdings in General Motors by 4.2% in the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer's stock valued at $256,000 after purchasing an additional 220 shares during the period. Finally, Operose Advisors LLC lifted its position in shares of General Motors by 18.7% in the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after acquiring an additional 223 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.