General Motors Company (NYSE:GM) Receives Consensus Recommendation of "Hold" from Analysts

General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U has been assigned an average rating of "Hold" from the twenty-two analysts that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $53.35.

GM has been the subject of a number of recent research reports. Royal Bank Of Canada raised their target price on shares of General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on shares of General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. TD Cowen assumed coverage on General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 price target for the company. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Finally, Citigroup assumed coverage on General Motors in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price target for the company.

General Motors Trading Up 1.0%

GM stock opened at $49.02 on Wednesday. The firm has a fifty day moving average price of $47.78 and a 200 day moving average price of $48.78. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. The firm has a market cap of $47.12 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 1.30 and a beta of 1.34.

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 analysts' consensus estimates of $2.63 by $0.15. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The firm had revenue of $44.02 billion during the quarter, compared to analyst estimates of $42.64 billion. During the same period last year, the firm posted $2.62 earnings per share. General Motors's revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. This is an increase from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, June 6th. General Motors's dividend payout ratio (DPR) is 8.65%.

Institutional Trading of General Motors

Institutional investors and hedge funds have recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC purchased a new position in shares of General Motors during the fourth quarter valued at $25,404,000. Cassia Capital Partners LLC increased its stake in shares of General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after buying an additional 7,221 shares during the period. Sowell Financial Services LLC purchased a new position in shares of General Motors during the first quarter valued at $312,000. Olstein Capital Management L.P. increased its stake in shares of General Motors by 18.0% during the first quarter. Olstein Capital Management L.P. now owns 144,000 shares of the auto manufacturer's stock valued at $6,772,000 after buying an additional 22,000 shares during the period. Finally, Longbow Finance SA purchased a new position in shares of General Motors during the fourth quarter valued at $5,865,000. 92.67% of the stock is currently owned by institutional investors.

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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