General Motors (GM) Projected to Post Earnings on Tuesday

General Motors (NYSE:GM) (TSE:GMM.U) will likely be issuing its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect General Motors to post earnings of $1.75 per share and revenue of $42,286,258.04 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

General Motors Stock Down 0.5 %

GM stock opened at $53.95 on Monday. The stock has a market capitalization of $59.32 billion, a PE ratio of 5.75, a price-to-earnings-growth ratio of 0.38 and a beta of 1.42. The company has a fifty day moving average of $53.17 and a 200-day moving average of $49.87. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. General Motors has a one year low of $34.71 and a one year high of $61.24.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GM shares. UBS Group lifted their price objective on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Wells Fargo & Company dropped their price objective on General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Monday, December 16th. The Goldman Sachs Group raised their target price on General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price target on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada raised their price objective on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.17.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the sale, the president now directly owns 126,907 shares of the company’s stock, valued at approximately $7,000,190.12. This trade represents a 49.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 514,344 shares of company stock worth $28,977,691 in the last 90 days. 0.72% of the stock is owned by company insiders.

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.