General Motors (NYSE:GM) Stock Price Expected to Rise, UBS Group Analyst Says

General Motors (NYSE:GM - Free Report) TSE: GMM.U had its target price boosted by UBS Group from $50.00 to $56.00 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the auto manufacturer's stock.

Several other brokerages also recently commented on GM. Barclays lifted their target price on shares of General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on General Motors from $64.00 to $53.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Sanford C. Bernstein set a $36.00 price objective on General Motors in a research report on Monday, May 5th. Wedbush lowered their target price on General Motors from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Mizuho upped their price target on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $54.61.

General Motors Stock Down 0.1%

Shares of GM traded down $0.06 during trading hours on Monday, hitting $53.33. 6,932,506 shares of the company were exchanged, compared to its average volume of 12,338,368. The firm's 50 day moving average is $49.33 and its 200-day moving average is $48.69. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24. The company has a market cap of $51.27 billion, a PE ratio of 7.68, a PEG ratio of 1.44 and a beta of 1.32.

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

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Friday, June 6th were paid a $0.15 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.13%. This is a boost from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is presently 8.65%.

Institutional Investors Weigh In On General Motors

A number of institutional investors have recently added to or reduced their stakes in GM. Counterpoint Mutual Funds LLC bought a new stake in shares of General Motors in the 2nd quarter worth about $311,000. GAMMA Investing LLC boosted its position in General Motors by 2.5% in the second quarter. GAMMA Investing LLC now owns 20,644 shares of the auto manufacturer's stock valued at $1,016,000 after buying an additional 511 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in General Motors by 10.5% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 18,156 shares of the auto manufacturer's stock worth $893,000 after buying an additional 1,718 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of General Motors by 2.2% during the second quarter. Park Avenue Securities LLC now owns 52,821 shares of the auto manufacturer's stock worth $2,599,000 after buying an additional 1,158 shares in the last quarter. Finally, Sowell Financial Services LLC raised its stake in shares of General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer's stock valued at $336,000 after acquiring an additional 195 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

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.