General Motors (NYSE:GM) Price Target Raised to $86.00

Key Points

• Citigroup has raised its price target for General Motors from $75.00 to $86.00, indicating a potential upside of 28.00% from the company's previous close.
• General Motors reported earnings per share of $2.80 for the last quarter, exceeding analysts' expectations, and had quarterly revenue of $48.59 billion, which was above consensus estimates.
• Insider trading activity revealed that CEO Mary T. Barra sold 753,720 shares at an average price of $59.95, significantly reducing her ownership stake in the company.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U had its price target increased by Citigroup from $75.00 to $86.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the auto manufacturer's stock. Citigroup's price objective would suggest a potential upside of 28.00% from the company's previous close.

Several other equities research analysts also recently weighed in on the stock. Cowen reaffirmed a "buy" rating on shares of General Motors in a research note on Tuesday. Wedbush set a $75.00 price target on shares of General Motors and gave the company an "outperform" rating in a research note on Tuesday. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research note on Friday, July 11th. Royal Bank Of Canada lifted their price target on shares of General Motors from $77.00 to $86.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of General Motors from $60.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $68.50.

General Motors Price Performance

Shares of NYSE GM opened at $67.19 on Thursday. General Motors has a twelve month low of $41.60 and a twelve month high of $67.59. The firm has a fifty day simple moving average of $58.61 and a 200 day simple moving average of $52.45. The company has a market capitalization of $63.97 billion, a PE ratio of 13.52, a P/E/G ratio of 1.67 and a beta of 1.33. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.36%. The business had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter last year, the firm earned $2.96 earnings per share. General Motors's quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, sell-side analysts forecast that General Motors will post 11.44 EPS for the current year.

Insider Activity

In other General Motors news, CEO Mary T. Barra sold 753,720 shares of the company's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares of the company's stock, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 6,600 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at $527,380.35. This represents a 43.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GM. Brighton Jones LLC grew its position 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 during the period. GAMMA Investing LLC grew its position in shares of General Motors by 10.6% during the 1st quarter. GAMMA Investing LLC now owns 20,133 shares of the auto manufacturer's stock valued at $947,000 after acquiring an additional 1,933 shares during the period. Blue Trust Inc. grew its position in shares of General Motors by 19.4% during the 1st quarter. Blue Trust Inc. now owns 2,471 shares of the auto manufacturer's stock valued at $116,000 after acquiring an additional 402 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of General Motors by 23.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 22,488 shares of the auto manufacturer's stock valued at $1,058,000 after buying an additional 4,327 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of General Motors by 10.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 512,462 shares of the auto manufacturer's stock valued at $24,101,000 after buying an additional 48,614 shares in the last quarter. 92.67% of the stock is owned by 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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