Deutsche Bank Aktiengesellschaft Raises General Motors (NYSE:GM) Price Target to $50.00

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U had its target price raised by Deutsche Bank Aktiengesellschaft from $44.00 to $50.00 in a research note issued to investors on Tuesday. The brokerage presently has a "hold" rating on the auto manufacturer's stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 10.86% from the company's current price.

Several other research firms have also recently commented on GM. Wedbush boosted their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Wells Fargo & Company lifted their price target on shares of General Motors from $27.00 to $28.00 and gave the company an "underweight" rating in a research note on Wednesday, January 31st. Royal Bank of Canada lifted their price target on shares of General Motors from $54.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday. Mizuho lifted their price target on shares of General Motors from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, March 25th. Finally, Wolfe Research upgraded shares of General Motors from a "peer perform" rating to an "outperform" rating and set a $42.00 price target on the stock in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $52.52.

General Motors Trading Up 4.4 %

Shares of NYSE GM traded up $1.89 during midday trading on Tuesday, reaching $45.10. 28,608,554 shares of the stock were exchanged, compared to its average volume of 17,589,910. The business has a 50-day simple moving average of $41.86 and a two-hundred day simple moving average of $36.06. The company has a market capitalization of $52.06 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 0.50 and a beta of 1.51. General Motors has a 12 month low of $26.30 and a 12 month high of $46.04. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.08 and a quick ratio of 0.90.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion for the quarter, compared to analysts' expectations of $41.09 billion. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The firm's revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.21 EPS. As a group, equities research analysts expect that General Motors will post 9.12 EPS for the current year.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the transaction, the executive vice president now directly owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $38.24, for a total transaction of $528,706.24. Following the transaction, the executive vice president now directly owns 87,567 shares of the company's stock, valued at $3,348,562.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.03, for a total transaction of $608,055.70. Following the transaction, the executive vice president now directly owns 98,628 shares in the company, valued at $3,948,078.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GM. SouthState Corp lifted its stake in shares of General Motors by 173.8% in the third quarter. SouthState Corp now owns 764 shares of the auto manufacturer's stock valued at $25,000 after buying an additional 485 shares in the last quarter. Highlander Capital Management LLC bought a new position in shares of General Motors in the fourth quarter valued at $27,000. Cape Investment Advisory Inc. lifted its stake in shares of General Motors by 75.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer's stock valued at $30,000 after buying an additional 359 shares in the last quarter. BluePath Capital Management LLC bought a new position in shares of General Motors in the third quarter valued at $33,000. Finally, Sachetta LLC bought a new position in shares of General Motors in the fourth quarter valued at $33,000. 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.