General Motors (NYSE:GM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of General Motors (NYSE:GM) (TSE:GMM.U) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $54.38.

A number of research analysts have weighed in on GM shares. Piper Sandler upped their price objective on shares of General Motors from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday. Tigress Financial increased their price target on General Motors from $86.00 to $88.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 15th. The Goldman Sachs Group boosted their price objective on General Motors from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Barclays increased their target price on General Motors from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Redburn Atlantic began coverage on shares of General Motors in a research note on Wednesday, January 24th. They issued a “neutral” rating and a $40.00 price target on the stock.

General Motors Price Performance

Shares of NYSE GM opened at $45.62 on Friday. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $46.04. The company has a market cap of $52.67 billion, a PE ratio of 5.58, a P/E/G ratio of 0.53 and a beta of 1.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.16. The business has a 50-day simple moving average of $42.13 and a two-hundred day simple moving average of $36.19.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share 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 return on equity of 14.40% and a net margin of 6.13%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.21 EPS. As a group, equities analysts expect that General Motors will post 9.26 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, June 7th. General Motors’s dividend payout ratio (DPR) is presently 5.87%.

Insider Activity

In other news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the sale, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other General Motors news, EVP Gerald Johnson sold 15,190 shares of General Motors stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $40.03, for a total value of $608,055.70. Following the completion of the sale, the executive vice president now owns 98,628 shares in the company, valued at approximately $3,948,078.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the transaction, the chief accounting officer now owns 12,007 shares in the company, valued at $540,315. 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 three months. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General Motors

A number of institutional investors have recently added to or reduced their stakes in GM. Highlander Capital Management LLC purchased a new stake in General Motors during the fourth quarter worth approximately $27,000. SouthState Corp boosted its position in General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 485 shares during the period. Riverview Trust Co purchased a new stake in General Motors during the 1st quarter worth $38,000. Cape Investment Advisory Inc. increased its holdings in General Motors by 75.9% in the 4th quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 359 shares in the last quarter. Finally, Sachetta LLC purchased a new position in General Motors in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors 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.