Mizuho Forecasts Strong Price Appreciation for General Motors (NYSE:GM) Stock

Key Points

• Mizuho has raised its price target for General Motors (NYSE:GM) from $58.00 to $67.00, suggesting a potential upside of 13.35% from the current stock price.
• General Motors recently reported $2.53 EPS for the last quarter, slightly above expectations, and projected a FY 2025 EPS guidance of 8.250-10.000.
• Insider trading activity included CEO Mary T. Barra selling over 900,000 shares, reflecting a significant decrease in ownership as insiders collectively sold over 1 million shares in the last ninety days.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U had its price objective hoisted by investment analysts at Mizuho from $58.00 to $67.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the auto manufacturer's stock. Mizuho's price objective would indicate a potential upside of 13.35% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. CLSA raised shares of General Motors to a "moderate buy" rating in a research note on Monday, July 7th. UBS Group upped their target price on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Industrial Alliance Securities set a $70.00 target price on General Motors in a report on Friday, July 11th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Finally, Benchmark initiated coverage on General Motors in a research note on Monday, July 21st. They issued a "buy" rating and a $65.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, General Motors has an average rating of "Moderate Buy" and an average price target of $60.21.

General Motors Price Performance

GM stock opened at $59.11 on Tuesday. The company has a market capitalization of $56.28 billion, a P/E ratio of 9.37, a PEG ratio of 1.24 and a beta of 1.32. The company has a fifty day moving average price of $55.82 and a 200-day moving average price of $50.83. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors has a 52-week low of $41.60 and a 52-week high of $61.24.

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

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $661,585.70. The trade was a 75.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,104,256 shares of company stock worth $64,129,551. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of General Motors

A number of hedge funds have recently made changes to their positions in GM. Trust Co. of Toledo NA OH bought a new stake in General Motors in the second quarter worth $25,000. GFG Capital LLC bought a new position in shares of General Motors in the second quarter worth approximately $27,000. Costello Asset Management INC purchased a new stake in shares of General Motors during the first quarter valued at approximately $32,000. RMG Wealth Management LLC purchased a new position in General Motors in the 2nd quarter worth approximately $32,000. Finally, WPG Advisers LLC bought a new position in General Motors in the 1st quarter valued at approximately $34,000. 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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