General Motors (NYSE:GM) Receives $54.22 Average Target Price from Analysts

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U has been given a consensus recommendation of "Hold" by the twenty-three research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $54.28.

A number of research analysts recently issued reports on GM shares. StockNews.com cut General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Royal Bank of Canada lifted their price target on General Motors from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Wedbush cut their price target on General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a report on Monday, February 3rd. Finally, UBS Group cut their price target on General Motors from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Friday, May 2nd.

Hedge Funds Weigh In On General Motors

Institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC bought a new position in shares of General Motors during the 4th quarter valued at about $25,000. Crews Bank & Trust bought a new position in shares of General Motors during the 4th quarter valued at about $26,000. Measured Risk Portfolios Inc. bought a new position in shares of General Motors during the 4th quarter valued at about $27,000. Compass Planning Associates Inc bought a new position in shares of General Motors during the 4th quarter valued at about $27,000. Finally, Whittier Trust Co. lifted its holdings in shares of 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 purchasing an additional 425 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

Shares of NYSE GM traded up $0.16 during midday trading on Tuesday, reaching $47.51. 8,581,366 shares of the company traded hands, compared to its average volume of 13,447,485. The firm has a market cap of $45.68 billion, a PE ratio of 7.73, a PEG ratio of 0.67 and a beta of 1.36. The stock's 50-day simple moving average is $46.63 and its 200-day simple moving average is $50.06. General Motors has a 12 month low of $38.96 and a 12 month high of $61.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.15. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The company had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. During the same period last year, the business earned $2.62 earnings per share. The business's revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its board has authorized a stock buyback plan on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a dividend of $0.15 per share. This is a positive change from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, June 6th. General Motors's payout ratio is presently 8.65%.

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.