JPMorgan Chase & Co. Issues Positive Forecast for General Motors (NYSE:GM) Stock Price

Key Points

• JPMorgan Chase & Co. has raised its price target for General Motors (NYSE:GM) from $60.00 to $80.00, indicating a potential upside of 30.85% from the current stock price.
• General Motors currently holds an average rating of "Moderate Buy" with a consensus target price of $63.16, supported by various brokerage ratings.
• Insider activity shows significant sales, with CEO Mary T. Barra selling 753,720 shares recently, which represents a 63.48% decrease in her ownership of the stock.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U had its price target hoisted by investment analysts at JPMorgan Chase & Co. from $60.00 to $80.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the auto manufacturer's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 30.85% from the stock's current price.

A number of other brokerages have also recently issued reports on GM. Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. Bank of America lowered their target price on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a report on Friday, July 11th. Mizuho upped their price target on shares of General Motors from $58.00 to $67.00 and gave the stock an "outperform" rating in a report on Tuesday, September 23rd. Finally, CLSA raised shares of General Motors to a "moderate buy" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $63.16.

General Motors Price Performance

Shares of NYSE GM opened at $61.14 on Tuesday. General Motors has a twelve month low of $41.60 and a twelve month high of $62.14. The stock's 50 day moving average price is $56.54 and its 200-day moving average price is $51.26. The company has a market capitalization of $58.21 billion, a PE ratio of 9.70, a PEG ratio of 1.29 and a beta of 1.32. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the prior year, the business earned $3.06 earnings per share. General Motors's revenue for the quarter was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities analysts anticipate that General Motors will post 11.44 EPS for the current year.

Insider Activity

In related news, EVP Rory Harvey sold 4,459 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $59.95, for a total value of $267,317.05. Following the completion of the transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at $510,354.35. This represents a 34.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mary T. Barra sold 753,720 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the transaction, the chief executive officer directly owned 433,527 shares of the company's stock, valued at approximately $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,044,824 shares of company stock valued at $120,540,709. Company insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On General Motors

A number of institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC raised its stake in General Motors by 6.2% in the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer's stock worth $16,802,000 after buying an additional 20,017 shares in the last quarter. Caldwell Trust Co bought a new position in shares of General Motors during the second quarter valued at approximately $202,000. Osaic Holdings Inc. increased its stake in shares of General Motors by 25.5% during the second quarter. Osaic Holdings Inc. now owns 298,903 shares of the auto manufacturer's stock valued at $14,703,000 after purchasing an additional 60,709 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of General Motors by 14.1% during the second quarter. Orion Porfolio Solutions LLC now owns 63,302 shares of the auto manufacturer's stock valued at $3,115,000 after purchasing an additional 7,843 shares in the last quarter. Finally, Marex Group plc bought a new position in shares of General Motors during the second quarter valued at approximately $216,000. 92.67% of the stock is owned by institutional investors.

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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