General Motors' (GM) Buy (B-) Rating Reiterated at Weiss Ratings

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U's stock had its "buy (b-)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also issued reports on GM. The Goldman Sachs Group boosted their price target on shares of General Motors from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Wedbush boosted their price target on shares of General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Benchmark began coverage on shares of General Motors in a research report on Monday, July 21st. They issued a "buy" rating and a $65.00 price target on the stock. Bank of America lowered their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company boosted their price target on shares of General Motors from $38.00 to $40.00 and gave the company an "underweight" rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.85.

General Motors Stock Down 1.4%

GM opened at $56.43 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The stock has a market cap of $53.73 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 1.21 and a beta of 1.33. General Motors has a twelve month low of $41.60 and a twelve month high of $62.14. The company's 50-day moving average price is $57.50 and its two-hundred day moving average price is $51.70.

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 for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The firm had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, equities analysts expect that General Motors will post 11.44 earnings per share for the current year.

Insider Activity

In other news, CEO Mary T. Barra sold 907,024 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the sale, the chief executive officer directly owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. This trade represents a 62.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction dated 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 approximately $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,074,824 shares of company stock worth $122,377,213 over the last ninety days. 0.54% of the stock is owned by insiders.

Institutional Trading of General Motors

Hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co. of Toledo NA OH purchased a new stake in shares of General Motors in the 2nd quarter worth about $25,000. GFG Capital LLC purchased a new stake in shares of General Motors in the 2nd quarter worth about $27,000. Armstrong Advisory Group Inc. grew its position in shares of General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer's stock worth $33,000 after buying an additional 265 shares during the period. RMG Wealth Management LLC purchased a new stake in shares of General Motors in the 2nd quarter worth about $32,000. Finally, Costello Asset Management INC purchased a new stake in shares of General Motors in the 1st quarter worth about $32,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Company Profile

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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