General Motors (GM) Stock Rating Lowered by Cascend Securities

General Motors (NYSE:GM) (TSE:GMM.U) was downgraded by analysts at Cascend Securities to a “buy” rating in a report issued on Tuesday.

Several other brokerages have also weighed in on GM. Morgan Stanley lowered General Motors from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $46.48 to $43.00 in a report on Wednesday, October 25th. Royal Bank Of Canada upped their target price on General Motors from $44.00 to $51.00 and gave the company a “sector perform” rating in a report on Wednesday, October 25th. Craig Hallum set a $45.00 target price on General Motors and gave the company a “hold” rating in a report on Wednesday, October 25th. BMO Capital Markets raised General Motors to a “market perform” rating and upped their target price for the company from $41.00 to $48.00 in a report on Wednesday, October 25th. Finally, Deutsche Bank upped their target price on General Motors from $51.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. General Motors presently has a consensus rating of “Hold” and a consensus target price of $43.70.

General Motors (NYSE:GM) opened at $42.15 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 1.54. General Motors has a one year low of $31.92 and a one year high of $46.76. The company has a market capitalization of $61,148.57, a PE ratio of 6.95, a P/E/G ratio of 0.75 and a beta of 1.54.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 24th. The auto manufacturer reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.25. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The business had revenue of $30.48 billion for the quarter, compared to analysts’ expectations of $29.93 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. The company’s revenue was down 16.6% compared to the same quarter last year. analysts forecast that General Motors will post 6.24 EPS for the current year.

In other General Motors news, insider Alicia S. Boler-Davis sold 10,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.90, for a total transaction of $409,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Barry L. Engle II sold 50,443 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $43.08, for a total transaction of $2,173,084.44. Following the sale, the insider now directly owns 57,091 shares in the company, valued at $2,459,480.28. The disclosure for this sale can be found here. Insiders have sold a total of 1,021,565 shares of company stock valued at $42,801,037 in the last quarter. Insiders own 0.04% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Intrust Bank NA increased its position in General Motors by 0.3% during the second quarter. Intrust Bank NA now owns 7,174 shares of the auto manufacturer’s stock worth $250,000 after buying an additional 25 shares during the last quarter. IFC Holdings Incorporated FL increased its position in General Motors by 0.3% during the second quarter. IFC Holdings Incorporated FL now owns 32,119 shares of the auto manufacturer’s stock worth $1,120,000 after buying an additional 88 shares during the last quarter. Peapack Gladstone Financial Corp increased its position in General Motors by 2.7% during the second quarter. Peapack Gladstone Financial Corp now owns 6,428 shares of the auto manufacturer’s stock worth $225,000 after buying an additional 166 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. increased its position in General Motors by 0.3% during the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 88,679 shares of the auto manufacturer’s stock worth $3,098,000 after buying an additional 305 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in General Motors by 10.5% during the second quarter. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer’s stock worth $113,000 after buying an additional 310 shares during the last quarter. 73.06% of the stock is currently owned by institutional investors and hedge funds.

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General Motors Company Profile

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

Analyst Recommendations for General Motors (NYSE:GM)

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