General Motors (NYSE:GM) Stock Price Expected to Rise, TD Cowen Analyst Says

Key Points

• TD Cowen has increased its price target for General Motors (GM) from $92.00 to $100.00, suggesting a potential upside of 48.96% from its current stock price.
• GM recently reported earnings of $2.80 per share for the quarter, exceeding expectations and reflecting a revenue of $48.59 billion, though this was a slight decrease year-over-year.
• Insider trading activity was notable, with CEO Mary T. Barra selling over 750,000 shares of GM stock, indicating a significant reduction in her stake in the company.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U had its price objective upped by equities researchers at TD Cowen from $92.00 to $100.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the auto manufacturer's stock. TD Cowen's price target points to a potential upside of 48.96% from the stock's current price.

GM has been the topic of several other reports. Cowen reaffirmed a "buy" rating on shares of General Motors in a research report on Tuesday. Wedbush set a $75.00 target price on General Motors and gave the stock an "outperform" rating in a research report on Tuesday. Jefferies Financial Group upped their target price on General Motors from $50.00 to $55.00 and gave the stock a "hold" rating in a research report on Monday, October 6th. Citigroup upped their target price on General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of General Motors in a report on Wednesday, October 8th. 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 given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $67.95.

General Motors Trading Up 0.8%

Shares of NYSE GM traded up $0.51 during mid-day trading on Wednesday, hitting $67.13. 6,937,324 shares of the company traded hands, compared to its average volume of 11,039,941. General Motors has a 1 year low of $41.60 and a 1 year high of $67.55. The stock has a market capitalization of $63.91 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 1.71 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. The business has a 50 day moving average of $58.38 and a two-hundred day moving average of $52.34.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.48. The firm had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the business earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, sell-side analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

Insider Transactions at General Motors

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

Hedge Funds Weigh In On General Motors

Several hedge funds and other institutional investors have recently modified their holdings of GM. Brighton Jones LLC lifted 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 worth $2,062,000 after buying an additional 31,755 shares during the period. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 1,933 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in General Motors by 107.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 155,554 shares of the auto manufacturer's stock valued at $7,316,000 after purchasing an additional 80,734 shares in the last quarter. Blue Trust Inc. increased its holdings in 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 purchasing an additional 402 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in 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 purchasing an additional 4,327 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

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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