General Motors (NYSE:GM) Now Covered by Analysts at Benchmark

Investment analysts at Benchmark began coverage on shares of General Motors (NYSE:GM - Get Free Report) TSE: GMM.U in a research report issued on Monday, Marketbeat Ratings reports. The firm set a "buy" rating and a $65.00 price target on the auto manufacturer's stock. Benchmark's price target would indicate a potential upside of 31.49% from the stock's previous close.

A number of other equities research analysts have also issued reports on the stock. Citigroup assumed coverage on shares of General Motors in a report on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price objective for the company. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a report on Monday, May 5th. JPMorgan Chase & Co. increased their target price on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $48.00 target price (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.05.

General Motors Trading Down 7.1%

GM traded down $3.78 on Monday, reaching $49.43. 13,682,006 shares of the company traded hands, compared to its average volume of 12,188,010. General Motors has a one year low of $38.96 and a one year high of $61.24. The firm has a fifty day simple moving average of $50.02 and a two-hundred day simple moving average of $48.69. The company has a market cap of $47.53 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32. The company has a quick ratio of 1.04, a current ratio of 1.21 and a debt-to-equity ratio of 1.46.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 3.08% and a return on equity of 14.30%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.06 EPS. As a group, equities research analysts expect that General Motors will post 11.44 earnings per share for the current year.

Institutional Investors Weigh In On General Motors

Large investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC lifted its holdings in General Motors by 2.9% in the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer's stock valued at $336,000 after purchasing an additional 195 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in shares of General Motors by 18.7% during the 4th quarter. Nemes Rush Group LLC now owns 1,379 shares of the auto manufacturer's stock worth $73,000 after acquiring an additional 217 shares during the period. ICONIQ Capital LLC lifted its holdings in shares of General Motors by 4.2% during the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer's stock worth $256,000 after acquiring an additional 220 shares during the period. Operose Advisors LLC lifted its holdings in shares of General Motors by 18.7% during the 4th quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock worth $75,000 after acquiring an additional 223 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of General Motors by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock worth $2,856,000 after acquiring an additional 226 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

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.