General Motors (NYSE:GM) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of General Motors (NYSE:GM) (TSE:GMM.U) from a neutral rating to a buy rating in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage currently has $81.00 target price on the auto manufacturer’s stock, up from their prior target price of $56.00.

A number of other equities analysts also recently issued reports on GM. Wedbush increased their price target on shares of General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Wells Fargo & Company increased their target price on shares of General Motors from $34.00 to $38.00 and gave the company an “underweight” rating in a report on Wednesday, July 23rd. Citigroup boosted their target price on General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday. Mizuho increased their price target on shares of General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Industrial Alliance Securities set a $70.00 price target on General Motors in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average target price of $61.53.

General Motors Stock Performance

NYSE GM opened at $59.89 on Wednesday. The stock has a market capitalization of $57.02 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 1.24 and a beta of 1.32. The business’s 50 day moving average is $56.08 and its two-hundred day moving average is $50.94. General Motors has a 12-month low of $41.60 and a 12-month high of $61.24. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. During the same period last year, the firm earned $3.06 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts expect that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio is presently 9.52%.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 4,459 shares of General Motors stock in a transaction on Friday, September 12th. The shares were sold at an average price of $59.95, for a total value of $267,317.05. Following the transaction, the executive vice president owned 8,513 shares in the company, valued at $510,354.35. This trade represents a 34.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 14,667 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $708,413. The trade was a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,104,256 shares of company stock valued at $64,129,551. Insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

Institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new position in shares of General Motors in the 2nd quarter worth about $25,000. GFG Capital LLC acquired a new stake in General Motors during the 2nd quarter worth approximately $27,000. Costello Asset Management INC purchased a new position in General Motors in the first quarter valued at approximately $32,000. RMG Wealth Management LLC acquired a new position in General Motors during the second quarter valued at approximately $32,000. Finally, WPG Advisers LLC purchased a new stake in General Motors during the first quarter worth approximately $34,000. 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.