Wall Street Zen Upgrades General Motors (NYSE:GM) to "Buy"

Key Points

• General Motors has been upgraded to a "Buy" rating by Wall Street Zen, up from a previous "Hold" rating, based on a recent research report.
• The auto manufacturer reported an earnings per share (EPS) of $2.80 for its latest quarter, exceeding expectations and showing resilience despite a 0.3% year-over-year revenue decline.
• Recent analyses indicate a consensus target price of $70.00 for GM stock, with a mix of ratings from analysts, including two Strong Buy and fourteen Buy ratings.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

GM has been the topic of a number of other research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research report on Tuesday. Piper Sandler set a $66.00 price target on General Motors and gave the stock a "neutral" rating in a research report on Tuesday. Argus set a $78.00 price target on General Motors in a research report on Thursday. Citigroup lifted their price target on General Motors from $75.00 to $86.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, TD Cowen lifted their target price on General Motors from $92.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, General Motors presently has an average rating of "Moderate Buy" and a consensus target price of $70.00.

General Motors Stock Performance

Shares of General Motors stock opened at $69.60 on Friday. The business has a 50-day moving average of $59.08 and a 200 day moving average of $52.79. General Motors has a 12 month low of $41.60 and a 12 month high of $69.70. The stock has a market capitalization of $64.92 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.33. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.05.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion during the quarter, compared to analysts' expectations of $44.60 billion. During the same period last year, the business posted $2.96 EPS. General Motors's revenue for the quarter was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, sell-side analysts forecast that General Motors will post 11.44 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value of $45,185,514.00. Following the sale, the chief executive officer directly owned 433,527 shares in the company, valued at $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 6,600 shares of General Motors stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the sale, the executive vice president owned 8,513 shares in the company, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,335,424 shares of company stock valued at $139,694,083 in the last three months. 0.54% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On General Motors

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC increased its stake in General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after acquiring an additional 31,755 shares during the last quarter. GAMMA Investing LLC raised its position in shares of General Motors by 10.6% during the 1st quarter. GAMMA Investing LLC now owns 20,133 shares of the auto manufacturer's stock worth $947,000 after purchasing an additional 1,933 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of General Motors by 23.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 22,488 shares of the auto manufacturer's stock worth $1,058,000 after purchasing an additional 4,327 shares during the period. Spire Wealth Management increased its position in General Motors by 24.6% in the 1st quarter. Spire Wealth Management now owns 5,217 shares of the auto manufacturer's stock valued at $245,000 after acquiring an additional 1,029 shares during the period. Finally, Golden State Wealth Management LLC increased its position in General Motors by 642.2% in the 1st quarter. Golden State Wealth Management LLC now owns 3,451 shares of the auto manufacturer's stock valued at $162,000 after acquiring an additional 2,986 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

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.

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