General Motors (NYSE:GM) Receives Consensus Recommendation of "Hold" from Analysts

Shares of General Motors (NYSE:GM - Get Free Report) TSE: GMM.U have been assigned an average rating of "Hold" from the twenty-two analysts that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $54.22.

GM has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on shares of General Motors from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of General Motors in a research report on Monday, February 3rd. Cowen began coverage on General Motors in a report on Thursday, March 6th. They set a "buy" rating on the stock. UBS Group lowered 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. Finally, JPMorgan Chase & Co. reduced 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.

General Motors Price Performance

Shares of GM stock opened at $45.37 on Tuesday. General Motors has a twelve month low of $38.96 and a twelve month high of $61.24. The company has a market capitalization of $43.84 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. 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 firm has a fifty day simple moving average of $46.70 and a 200-day simple moving average of $50.22.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping the consensus estimate of $2.63 by $0.15. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The business had revenue of $44.02 billion for the quarter, compared to analysts' expectations of $42.64 billion. During the same quarter in the previous year, the firm posted $2.62 earnings per share. The company's revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be issued a $0.15 dividend. The ex-dividend date is Friday, June 6th. This is a boost from General Motors's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 1.32%. General Motors's dividend payout ratio (DPR) is 8.65%.

General Motors announced that its Board of Directors has approved a stock buyback program on Wednesday, February 26th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to buy up to 12.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On General Motors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in General Motors during the fourth quarter worth about $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors in the fourth quarter valued at $26,000. Measured Risk Portfolios Inc. acquired a new stake in shares of General Motors in the fourth quarter worth $27,000. Compass Planning Associates Inc purchased a new position in shares of General Motors during the fourth quarter valued at $27,000. Finally, Whittier Trust Co. raised its position in General Motors by 551.9% during the fourth quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 425 shares during the period. 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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