General Motors (NYSE:GM) Raised to Buy at StockNews.com

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Several other research analysts have also issued reports on GM. The Goldman Sachs Group lifted their price target on shares of General Motors from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Wells Fargo & Company lifted their price target on shares of General Motors from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Wednesday. Barclays lifted their price target on shares of General Motors from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. UBS Group lifted their price target on shares of General Motors from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of General Motors from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.38.

General Motors Price Performance

NYSE:GM traded up $0.54 during midday trading on Thursday, hitting $45.62. 14,513,333 shares of the stock were exchanged, compared to its average volume of 17,521,344. General Motors has a one year low of $26.30 and a one year high of $46.04. The company has a market capitalization of $52.67 billion, a price-to-earnings ratio of 5.58, a P/E/G ratio of 0.53 and a beta of 1.51. The business has a 50-day moving average price of $42.13 and a two-hundred day moving average price of $36.19. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The firm had revenue of $43.01 billion for the quarter, compared to analysts’ expectations of $41.09 billion. During the same quarter in the previous year, the company earned $2.21 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Sell-side analysts predict that General Motors will post 9.26 EPS for the current year.

Insider Activity at General Motors

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 completion of the sale, the executive vice president now owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the executive vice president now owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Christopher Hatto sold 15,510 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the transaction, the chief accounting officer now directly owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,248 shares of company stock valued at $3,614,078. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GM. Impact Partnership Wealth LLC increased its holdings in shares of General Motors by 53.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 1,649 shares of the auto manufacturer’s stock worth $54,000 after purchasing an additional 577 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of General Motors during the 3rd quarter worth about $122,000. Caprock Group LLC increased its holdings in shares of General Motors by 8.8% during the 3rd quarter. Caprock Group LLC now owns 21,652 shares of the auto manufacturer’s stock worth $714,000 after purchasing an additional 1,757 shares during the period. CX Institutional increased its holdings in shares of General Motors by 4.2% during the 3rd quarter. CX Institutional now owns 10,675 shares of the auto manufacturer’s stock worth $352,000 after purchasing an additional 431 shares during the period. Finally, Czech National Bank increased its holdings in shares of General Motors by 46.1% during the 3rd quarter. Czech National Bank now owns 240,480 shares of the auto manufacturer’s stock worth $7,929,000 after purchasing an additional 75,873 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

About General Motors

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.