Barclays Issues Positive Forecast for General Motors (NYSE:GM) Stock Price

General Motors (NYSE:GM - Free Report) TSE: GMM.U had its price objective increased by Barclays from $45.00 to $55.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the auto manufacturer's stock.

A number of other analysts have also recently issued reports on the company. BNP Paribas raised General Motors to a "strong-buy" rating in a research report on Monday, May 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research report on Friday, July 11th. Mizuho raised their price objective on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wedbush cut their price objective on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut General Motors from a "buy" rating to a "hold" rating and set a $43.00 price objective for the company. in a research report on Monday, April 14th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $55.17.

General Motors Trading Up 0.1%

NYSE GM traded up $0.04 on Wednesday, reaching $53.22. The company had a trading volume of 6,816,895 shares, compared to its average volume of 12,611,413. The stock's 50 day moving average is $49.79 and its 200-day moving average is $48.74. The stock has a market cap of $51.16 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.42 and a beta of 1.32. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. The company had revenue of $44.02 billion during the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a return on equity of 14.30% and a net margin of 3.08%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.62 earnings per share. Equities analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Stockholders of record on Friday, June 6th were paid a $0.15 dividend. This is a positive change from General Motors's previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.13%. General Motors's dividend payout ratio (DPR) is presently 8.65%.

Hedge Funds Weigh In On General Motors

Several hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after acquiring an additional 31,755 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of General Motors by 16.1% during the 4th quarter. Proficio Capital Partners LLC now owns 10,441 shares of the auto manufacturer's stock valued at $556,000 after acquiring an additional 1,448 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of General Motors by 6.8% during the 4th quarter. Corient Private Wealth LLC now owns 353,506 shares of the auto manufacturer's stock valued at $18,829,000 after acquiring an additional 22,475 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of General Motors by 4.5% during the 4th quarter. Harbour Investments Inc. now owns 12,848 shares of the auto manufacturer's stock valued at $684,000 after acquiring an additional 559 shares in the last quarter. Finally, Cibc World Markets Corp boosted its holdings in shares of General Motors by 13.7% during the 4th quarter. Cibc World Markets Corp now owns 174,566 shares of the auto manufacturer's stock valued at $9,299,000 after acquiring an additional 21,092 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

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.