General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Monday, The Fly reports.
Several other research firms have also recently weighed in on GM. Vetr cut General Motors from a “buy” rating to a “hold” rating and set a $42.96 price target for the company. in a report on Wednesday, December 20th. Zacks Investment Research cut General Motors from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. JPMorgan Chase restated an “overweight” rating and set a $55.00 price target (down previously from $56.00) on shares of General Motors in a report on Tuesday, March 13th. Barclays restated a “buy” rating and set a $61.00 price target on shares of General Motors in a report on Tuesday, January 9th. Finally, Nomura set a $45.00 target price on General Motors and gave the stock a “neutral” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $44.65.
NYSE GM opened at $37.68 on Monday. The company has a market cap of $52,866.66, a price-to-earnings ratio of 5.69, a PEG ratio of 0.72 and a beta of 1.63. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76.
In related news, insider Charles K. Stevens III sold 35,000 shares of the business’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $36.10, for a total transaction of $1,263,500.00. Following the completion of the transaction, the insider now owns 67,741 shares in the company, valued at approximately $2,445,450.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $45.00, for a total value of $2,269,935.00. Following the transaction, the insider now owns 57,091 shares of the company’s stock, valued at approximately $2,569,095. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,294,848 shares of company stock valued at $1,600,664,861. 0.04% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Icon Wealth Partners LLC purchased a new position in General Motors during the 4th quarter valued at $106,000. Fieldpoint Private Securities LLC bought a new stake in General Motors during the 3rd quarter valued at $119,000. Cerebellum GP LLC bought a new stake in General Motors during the 4th quarter valued at $123,000. Independence Bank of Kentucky bought a new stake in General Motors during the 4th quarter valued at $129,000. Finally, Stumpf Capital Management LLC bought a new stake in General Motors during the 4th quarter valued at $131,000. Institutional investors own 73.55% of the company’s stock.
About General Motors
General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
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