Analysts Set General Motors (NYSE:GM) PT at $54.38

Shares of General Motors (NYSE:GM - Get Free Report) TSE: GMM.U have been given a consensus recommendation of "Moderate Buy" by the seventeen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $54.65.

GM has been the subject of several recent research reports. Morgan Stanley upped their target price on shares of General Motors from $43.00 to $46.00 and gave the company an "overweight" rating in a research report on Wednesday, April 10th. Wolfe Research upgraded shares of General Motors from a "peer perform" rating to an "outperform" rating and set a $42.00 price objective for the company in a research report on Thursday, January 4th. Barclays upped their price objective on shares of General Motors from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday. Royal Bank of Canada upped their price objective on shares of General Motors from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of General Motors from $44.00 to $50.00 and gave the company a "hold" rating in a research report on Tuesday.

Insider Activity

In other news, EVP Gerald Johnson sold 27,122 shares of the firm's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the sale, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Gerald Johnson sold 27,122 shares of General Motors stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value of $1,227,541.72. Following the transaction, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now owns 12,007 shares in the company, valued at approximately $540,315. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General Motors

A number of large investors have recently added to or reduced their stakes in the company. SouthState Corp boosted its stake in shares of General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 485 shares in the last quarter. Highlander Capital Management LLC bought a new stake in General Motors during the fourth quarter worth about $27,000. Cape Investment Advisory Inc. boosted its stake in General Motors by 75.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer's stock worth $30,000 after acquiring an additional 359 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in General Motors during the first quarter worth about $32,000. Finally, BluePath Capital Management LLC bought a new stake in General Motors during the third quarter worth about $33,000. Institutional investors own 92.67% of the company's stock.

General Motors Trading Up 0.4 %

NYSE:GM traded up $0.20 during trading hours on Friday, hitting $45.82. 12,149,767 shares of the stock were exchanged, compared to its average volume of 17,458,105. The company's 50 day moving average is $42.13 and its two-hundred day moving average is $36.19. General Motors has a twelve month low of $26.30 and a twelve month high of $46.17. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $52.28 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.60. The firm had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.21 EPS. On average, sell-side analysts anticipate that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, June 7th. General Motors's dividend payout ratio (DPR) is currently 5.87%.

General Motors Company Profile

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.