General Motors (NYSE:GM) Price Target Increased to $50.00 by Analysts at Deutsche Bank Aktiengesellschaft

General Motors (NYSE:GM) (TSE:GMM.U) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $44.00 to $50.00 in a research note issued to investors on Tuesday morning. Deutsche Bank Aktiengesellschaft currently has a hold rating on the auto manufacturer’s stock.

Other research analysts have also issued research reports about the stock. Tigress Financial raised their price target on shares of General Motors from $86.00 to $88.00 and gave the company a strong-buy rating in a report on Thursday, February 15th. Wedbush raised their price target on shares of General Motors from $40.00 to $45.00 and gave the company an outperform rating in a report on Wednesday, January 31st. Wolfe Research upgraded shares of General Motors from a peer perform rating to an outperform rating and set a $42.00 price target on the stock in a report on Thursday, January 4th. The Goldman Sachs Group raised their price target on shares of General Motors from $45.00 to $50.00 and gave the company a buy rating in a report on Wednesday, January 31st. Finally, TheStreet upgraded shares of General Motors from a c+ rating to a b- rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $52.52.

General Motors Price Performance

GM opened at $45.10 on Tuesday. The company’s 50 day simple moving average is $41.86 and its 200 day simple moving average is $36.06. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.90 and a current ratio of 1.08. General Motors has a 1 year low of $26.30 and a 1 year high of $46.04. The stock has a market capitalization of $52.06 billion, a PE ratio of 6.17, a P/E/G ratio of 0.50 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business had revenue of $43.01 billion for the quarter, compared to analysts’ expectations of $41.09 billion. During the same period last year, the company earned $2.21 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts expect that General Motors will post 9.12 EPS for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.06%. General Motors’s dividend payout ratio (DPR) is presently 6.57%.

Insider Buying and Selling

In related news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the sale, the chief accounting officer now owns 21,507 shares in the company, valued at $860,710.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the transaction, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at $860,710.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 5,100 shares of General Motors stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $43.04, for a total transaction of $219,504.00. Following the completion of the transaction, the executive vice president now directly owns 12,658 shares of the company’s stock, valued at approximately $544,800.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,248 shares of company stock worth $3,614,078. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On General Motors

A number of hedge funds have recently added to or reduced their stakes in GM. Bfsg LLC boosted its holdings in shares of General Motors by 54.3% during the first quarter. Bfsg LLC now owns 1,487 shares of the auto manufacturer’s stock valued at $67,000 after acquiring an additional 523 shares during the period. Sage Mountain Advisors LLC acquired a new position in shares of General Motors during the first quarter valued at $335,000. Fifth Third Bancorp boosted its holdings in shares of General Motors by 45.5% during the first quarter. Fifth Third Bancorp now owns 46,812 shares of the auto manufacturer’s stock valued at $2,123,000 after acquiring an additional 14,630 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of General Motors by 13.4% during the first quarter. Summit Trail Advisors LLC now owns 9,953 shares of the auto manufacturer’s stock valued at $451,000 after acquiring an additional 1,174 shares during the period. Finally, Regatta Capital Group LLC acquired a new position in shares of General Motors during the first quarter valued at $232,000. 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.