General Motors (GM) Rating Increased to Overweight at Morgan Stanley

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.

How to Become a New Pot Stock Millionaire

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.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.31. The business had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. General Motors had a positive return on equity of 22.86% and a negative net margin of 2.58%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. research analysts forecast that General Motors will post 6.25 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/3343095/general-motors-gm-rating-increased-to-overweight-at-morgan-stanley.html.

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.

The Fly

Analyst Recommendations for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

NovoCure  Insider Sells $1,042,302.80 in Stock
NovoCure Insider Sells $1,042,302.80 in Stock
R. Hewitt Pate Sells 25,500 Shares of Chevron Co.  Stock
R. Hewitt Pate Sells 25,500 Shares of Chevron Co. Stock
Grimcoin Trading Up 33.5% This Week
Grimcoin Trading Up 33.5% This Week
Lazaruscoin  Price Tops $0.0009 on Major Exchanges
Lazaruscoin Price Tops $0.0009 on Major Exchanges
8X8  Coverage Initiated by Analysts at CIBC
8X8 Coverage Initiated by Analysts at CIBC
Conatus Pharmaceuticals  Reaches New 1-Year High and Low at $3.46
Conatus Pharmaceuticals Reaches New 1-Year High and Low at $3.46


Leave a Reply

© 2006-2018 Ticker Report. Google+.