General Motors (NYSE: GM) shares have received a consensus ‘buy’ recommendation from 20 research companies. 2 analysts have assigned a ‘sell’ rating, 1 gave ‘hold’ rating, 14 allotted ‘buy’ rating, and 1 gave ‘strong-buy rating’. The company had an average 12-month price target of $54.95 last year.
On Wednesday, the company started from $51.11 with the market cap being $73.65B. They have a 22.92 PE ratio, 0.85 PEG ratio, and 1.42 beta. Their lowest in 52 weeks is $14.32 while the highest is $57.05. Their current, quick, and leverage ratio is 1.11, 0.97, and 1.70. Their 50 days rolling average $51.29 while 200 days is $39.57.
According to their 9th February report, they had quarterly EPS earnings of $1.93 that topped the $1.60 by almost $0.33. They had a 2.92% net margin with a 9.78% equity return. They posted $37.50B revenue that surpassed the $36.34B.
Market Ventures Of GM Stock
Benchmark raised the price objective of GM shares to $51 from $47 and gave a rating of ‘buy’. Goldman Sachs allotted it $52 and reassigned a rating of ‘buy’. Deutsche Bank lifted it to $64 from $48 and gave a rating of ‘buy’. Nomura Instinet upgraded it to $60 from $27 and increased the rating to ‘buy’ from ‘neutral’. Argus assigned it $56 and promoted the rating to ‘buy’ from ‘hold’.
CWM raised their holdings on GM stock by nearly 20.9% and own $97,000 worth of stock. NEXT Fin. Group acquired a new stake, owning $119,000 worth of shares. Pinnacle Associates upgraded their position by approximately 14.8% and own shares priced at $2,353,000. Clear Harbor Management increased its stake by almost 6.4%, owning shares valued at $531,000. Steel Peak Management raised its position by roughly 6.4% and owns $892,000 worth of shares. Hedge funds and institutional investors own 77.70% of GM stock.
General Motors happens to be an automobile company and is a manufacturer of trucks, cars, and automobile parts.
