General Motors (NYSE:GM) Given Consensus Rating of “Hold” by Analysts

Shares of General Motors (NYSE:GM) (TSE:GMM.U) have received an average rating of “Hold” from the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $54.28.

A number of analysts have recently issued reports on GM shares. Barclays lifted their price objective on shares of General Motors from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Cowen assumed coverage on shares of General Motors in a report on Thursday, March 6th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft cut shares of General Motors from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a research report on Monday, April 14th. TD Cowen assumed coverage on General Motors in a research report on Friday, March 7th. They set a “buy” rating and a $105.00 target price on the stock. Finally, Royal Bank of Canada increased their price target on General Motors from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, May 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG lifted its holdings in General Motors by 2.3% in the first quarter. Deutsche Bank AG now owns 4,380,940 shares of the auto manufacturer’s stock worth $206,036,000 after purchasing an additional 96,490 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of General Motors by 25.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 13,457 shares of the auto manufacturer’s stock worth $612,000 after acquiring an additional 2,707 shares during the period. ASR Vermogensbeheer N.V. acquired a new stake in shares of General Motors in the 1st quarter worth approximately $5,757,000. Fi3 FINANCIAL ADVISORS LLC boosted its holdings in shares of General Motors by 40.3% in the first quarter. Fi3 FINANCIAL ADVISORS LLC now owns 6,231 shares of the auto manufacturer’s stock valued at $293,000 after acquiring an additional 1,790 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of General Motors by 6.9% during the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock valued at $4,672,023,000 after acquiring an additional 6,395,375 shares during the period. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

General Motors stock opened at $47.51 on Tuesday. The firm has a fifty day moving average of $46.63 and a 200-day moving average of $50.08. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $45.68 billion, a P/E ratio of 7.73, a PEG ratio of 0.67 and a beta of 1.36.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 EPS for the quarter, beating the consensus estimate of $2.63 by $0.15. General Motors had a return on equity of 15.29% and a net margin of 3.21%. The company had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. During the same period last year, the company posted $2.62 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, analysts predict that General Motors will post 11.44 EPS for the current year.

General Motors declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

General Motors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. This is a boost from General Motors’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.26%. General Motors’s dividend payout ratio is 8.65%.

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.