General Motors (NYSE:GM) Raised to Buy at UBS Group

Key Points

• UBS Group upgraded General Motors from a "neutral" to a "buy" rating, raising its price target from $56.00 to $81.00, indicating a potential upside of 38.24% from current prices.
• Multiple analysts have recently upgraded GM, with Barclays and Wedbush also raising their price targets to $73.00 and $65.00 respectively, reflecting positive sentiment in the market.
• Insider trades show significant sales from key executives, with CEO Mary T. Barra and CAO Christopher Hatto selling over a million shares combined, indicating a possible lack of confidence despite the upgrades.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U was upgraded by investment analysts at UBS Group from a "neutral" rating to a "buy" rating in a note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has a $81.00 price objective on the auto manufacturer's stock, up from their prior price objective of $56.00. UBS Group's target price suggests a potential upside of 38.24% from the stock's current price.

GM has been the subject of several other research reports. Barclays upgraded General Motors from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $55.00 to $73.00 in a report on Friday, September 12th. Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. Wedbush upped their price objective on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Wells Fargo & Company upped their price objective on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research note on Wednesday, July 23rd. Finally, Mizuho upped their price objective on General Motors from $58.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.53.

General Motors Trading Down 0.5%

Shares of General Motors stock opened at $58.60 on Wednesday. The stock has a fifty day simple moving average of $55.94 and a 200 day simple moving average of $50.88. General Motors has a 12-month low of $41.60 and a 12-month high of $61.24. The company has a market capitalization of $55.79 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the prior year, the company posted $3.06 earnings per share. General Motors's revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

Insider Activity at General Motors

In related news, 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 transaction, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,104,256 shares of company stock valued at $64,129,551. Corporate insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On General Motors

A number of large investors have recently bought and sold shares of GM. Trust Co. of Toledo NA OH purchased a new position in General Motors in the 2nd quarter worth approximately $25,000. GFG Capital LLC purchased a new position in General Motors in the 2nd quarter worth approximately $27,000. Costello Asset Management INC bought a new stake in shares of General Motors in the 1st quarter worth approximately $32,000. RMG Wealth Management LLC bought a new stake in shares of General Motors in the 2nd quarter worth approximately $32,000. Finally, WPG Advisers LLC bought a new stake in shares of General Motors in the 1st quarter worth approximately $34,000. 92.67% of the stock is owned by hedge funds and other 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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