General Motors (NYSE:GM) Earns "Neutral" Rating from Piper Sandler

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U's stock had its "neutral" rating restated by analysts at Piper Sandler in a research report issued on Thursday, Marketbeat.com reports. They currently have a $48.00 price target on the auto manufacturer's stock, up from their previous price target of $43.00. Piper Sandler's price target suggests a potential downside of 2.13% from the stock's current price.

A number of other equities research analysts have also recently commented on the stock. Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a report on Monday, May 5th. Barclays boosted their target price on General Motors from $40.00 to $45.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded General Motors from a "buy" rating to a "hold" rating and set a $43.00 price target for the company. in a research note on Monday, April 14th. Citigroup began coverage on General Motors in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $62.00 price objective on the stock. Finally, Royal Bank of Canada increased their target price on shares of General Motors from $55.00 to $57.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, General Motors presently has an average rating of "Hold" and an average target price of $54.56.

General Motors Stock Performance

Shares of NYSE GM traded up $0.36 during mid-day trading on Thursday, reaching $49.05. 2,695,518 shares of the company's stock were exchanged, compared to its average volume of 13,301,024. The firm has a 50-day moving average price of $46.96 and a two-hundred day moving average price of $49.82. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The firm has a market capitalization of $47.15 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. General Motors has a 52 week low of $38.96 and a 52 week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, topping the consensus estimate of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.62 earnings per share. Analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to purchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On General Motors

A number of institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in shares of General Motors by 9.8% in the fourth quarter. UMB Bank n.a. now owns 7,859 shares of the auto manufacturer's stock worth $419,000 after purchasing an additional 702 shares during the last quarter. Ballentine Partners LLC boosted its position in General Motors by 3.6% during the 4th quarter. Ballentine Partners LLC now owns 17,150 shares of the auto manufacturer's stock valued at $914,000 after buying an additional 589 shares during the period. Octavia Wealth Advisors LLC purchased a new position in shares of General Motors in the fourth quarter valued at about $203,000. Simon Quick Advisors LLC raised its stake in shares of General Motors by 6.9% during the fourth quarter. Simon Quick Advisors LLC now owns 6,703 shares of the auto manufacturer's stock valued at $357,000 after acquiring an additional 433 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of General Motors by 7.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 172,209 shares of the auto manufacturer's stock worth $9,174,000 after purchasing an additional 11,550 shares during the period. Institutional investors own 92.67% of the company's stock.

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.