General Motors (NYSE:GM) PT Raised to $55.00 at Wedbush

General Motors (NYSE:GM) (TSE:GMM.U) had its target price boosted by equities researchers at Wedbush from $45.00 to $55.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the auto manufacturer’s stock. Wedbush’s price objective points to a potential upside of 20.56% from the company’s current price. Wedbush also issued estimates for General Motors’ FY2024 earnings at $9.53 EPS, Q2 2025 earnings at $2.69 EPS, Q3 2025 earnings at $2.67 EPS and Q4 2025 earnings at $2.71 EPS.

Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of General Motors from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Tuesday. Wolfe Research raised 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. Barclays increased their price target on shares of General Motors from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada increased their price target on shares of General Motors from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.38.

General Motors Price Performance

NYSE GM opened at $45.62 on Wednesday. The company has a market cap of $52.67 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 0.53 and a beta of 1.51. General Motors has a 52 week low of $26.30 and a 52 week high of $46.04. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The firm’s 50-day simple moving average is $42.13 and its two-hundred day simple moving average is $36.19.

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

Insider Buying and Selling at General Motors

In other news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares of the company’s stock, valued at $3,348,562.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Insiders have sold 86,248 shares of company stock worth $3,614,078 over the last ninety days. Insiders own 0.54% of the company’s stock.

Institutional Trading of General Motors

A number of institutional investors have recently made changes to their positions in GM. Unison Advisors LLC lifted its stake in General Motors by 0.4% in the first quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer’s stock worth $3,047,000 after acquiring an additional 246 shares during the period. Janiczek Wealth Management LLC lifted its stake in General Motors by 5.2% in the first quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer’s stock worth $230,000 after acquiring an additional 248 shares during the period. FinTrust Capital Advisors LLC lifted its stake in General Motors by 2.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer’s stock worth $399,000 after acquiring an additional 268 shares during the period. Summit Financial LLC lifted its stake in General Motors by 4.3% in the fourth quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer’s stock worth $239,000 after acquiring an additional 273 shares during the period. Finally, Sutton Place Investors LLC lifted its stake in General Motors by 1.7% in the first quarter. Sutton Place Investors LLC now owns 17,236 shares of the auto manufacturer’s stock worth $782,000 after acquiring an additional 280 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

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.