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

Key Points

• Wall Street Zen upgraded General Motors from a "hold" to a "buy," and the stock carries a consensus rating of "Moderate Buy" with a consensus price target of $75.76.
• GM beat quarterly expectations (EPS $2.80 vs. $2.32; revenue $48.59B vs. $44.60B) and set FY2025 guidance of $9.75–$10.50 EPS, while analysts forecast about $11.44 EPS for the year.
• Insiders have recently sold substantial shares (including the president and CAO), even as institutions like the Canada Pension Plan Investment Board materially increased their holdings; institutional investors own roughly 92.67% of the stock.

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 report issued on Saturday.

GM has been the topic of a number of other reports. Mizuho set a $90.00 price target on General Motors in a report on Tuesday, December 16th. Evercore ISI raised their price objective on General Motors from $68.00 to $74.00 and gave the company an "outperform" rating in a research report on Monday, November 24th. Argus set a $78.00 target price on shares of General Motors in a report on Thursday, October 23rd. Benchmark reissued a "buy" rating on shares of General Motors in a research report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of General Motors from a "hold" rating to a "strong-buy" rating in a report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $75.76.

General Motors Stock Up 0.2%

NYSE:GM opened at $83.04 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. General Motors has a 1-year low of $41.60 and a 1-year high of $83.68. The company has a 50-day moving average of $73.39 and a 200 day moving average of $61.33. The firm has a market cap of $77.46 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30.

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

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 7,724 shares of the company's stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total value of $556,128.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at $864,504. This represents a 39.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the company's stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 284,021 shares of company stock worth $18,971,788 over the last three months. Corporate insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On General Motors

Several hedge funds have recently bought and sold shares of GM. Brighton Jones LLC raised its position in shares of General Motors by 456.1% in 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 period. Jump Financial LLC increased its stake in shares of General Motors by 27.4% in the 1st quarter. Jump Financial LLC now owns 17,415 shares of the auto manufacturer's stock valued at $819,000 after purchasing an additional 3,743 shares in the last quarter. State of Wyoming acquired a new position in General Motors in the 1st quarter worth about $184,000. WPG Advisers LLC purchased a new position in General Motors during the first quarter worth approximately $34,000. Finally, Canada Pension Plan Investment Board grew its holdings in General Motors by 50.6% in the first quarter. Canada Pension Plan Investment Board now owns 2,609,851 shares of the auto manufacturer's stock valued at $122,741,000 after purchasing an additional 877,362 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

About General Motors

General Motors Company NYSE: GM is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world's largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM's operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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