General Motors Company (NYSE:GM) Receives $95.65 Average PT from Brokerages

General Motors Company (NYSE:GMGet Free Report) (TSE:GMM.U) has earned an average recommendation of “Moderate Buy” from the twenty-three analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $95.6522.

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised General Motors from a “hold” rating to a “buy” rating and lifted their price target for the stock from $83.00 to $90.00 in a research report on Tuesday, April 14th. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a research note on Tuesday, April 21st. Bank of America began coverage on shares of General Motors in a report on Wednesday, March 4th. They issued a “buy” rating and a $105.00 target price for the company. Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price on the stock in a research note on Wednesday, March 25th. Finally, TD Cowen raised their price target on shares of General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th.

Get Our Latest Stock Analysis on GM

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 215,391 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the transaction, the chief executive officer owned 770,491 shares in the company, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the sale, the chief accounting officer directly owned 25,794 shares in the company, valued at approximately $2,192,490. The trade was a 21.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 598,149 shares of company stock valued at $49,307,358. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On General Motors

A number of hedge funds have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new position in General Motors in the fourth quarter worth about $25,000. Evergreen Advisors LLC purchased a new stake in shares of General Motors during the 1st quarter valued at about $26,000. Elevation Wealth Partners LLC lifted its stake in shares of General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the period. SouthState Bank Corp boosted its holdings in shares of General Motors by 101.7% in the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 177 shares during the last quarter. Finally, Kelleher Financial Advisors purchased a new position in shares of General Motors in the third quarter worth approximately $29,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Down 1.8%

General Motors stock opened at $82.55 on Wednesday. The firm has a 50 day simple moving average of $78.86 and a 200 day simple moving average of $79.12. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. General Motors has a 1-year low of $47.63 and a 1-year high of $87.62. The firm has a market capitalization of $74.43 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 0.42 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same period in the prior year, the company posted $2.78 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, analysts predict that General Motors will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

General Motors News Summary

Here are the key news stories impacting General Motors this week:

General Motors Company Profile

(Get Free Report)

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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Analyst Recommendations for General Motors (NYSE:GM)

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