General Motors (NYSE:GM) Given Consensus Recommendation of "Hold" by Analysts

Shares of General Motors (NYSE:GM - Get Free Report) TSE: GMM.U have received a consensus rating of "Hold" from the twenty-three brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $54.56.

Several research firms have weighed in on GM. Royal Bank of Canada upped their target price on General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Mizuho raised their price objective on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Citigroup began coverage on General Motors in a report on Wednesday, April 23rd. They set a "buy" rating and a $62.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on General Motors from $64.00 to $53.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group lowered their price objective on General Motors from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, April 10th.

Institutional Trading of General Motors

Several large investors have recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in General Motors during the fourth quarter worth about $25,000. Crews Bank & Trust acquired a new stake in General Motors during the 4th quarter worth $26,000. Compass Planning Associates Inc acquired a new stake in General Motors during the 4th quarter worth $27,000. Duncker Streett & Co. Inc. raised its position in General Motors by 9,960.0% during the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after buying an additional 498 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 425 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Up 2.6%

Shares of General Motors stock traded up $1.26 during trading on Friday, reaching $48.95. The stock had a trading volume of 5,645,400 shares, compared to its average volume of 13,211,377. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The stock has a fifty day moving average price of $46.74 and a two-hundred day moving average price of $49.51. The company has a market capitalization of $47.06 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 0.67 and a beta of 1.36. 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 for the quarter, topping analysts' consensus estimates of $2.63 by $0.15. The firm had revenue of $44.02 billion for the quarter, compared to the consensus estimate of $42.64 billion. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.62 earnings per share. Sell-side analysts predict that General Motors will post 11.44 EPS for the current fiscal year.

General Motors declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.23%. This is a boost from General Motors's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. General Motors's payout ratio is 8.65%.

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.