Deutsche Bank Aktiengesellschaft Upgrades General Motors (NYSE:GM) to “Buy”

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Tuesday, MarketBeat.com reports. The brokerage currently has a $60.00 target price on the auto manufacturer’s stock, up from their previous target price of $56.00. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 13.70% from the company’s previous close.

GM has been the subject of several other research reports. DZ Bank downgraded General Motors from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research note on Friday, October 11th. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Mizuho raised their target price on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, General Motors presently has a consensus rating of “Hold” and an average price target of $60.05.

General Motors Price Performance

Shares of GM stock opened at $52.77 on Tuesday. The business has a fifty day simple moving average of $53.39 and a 200 day simple moving average of $49.74. The company has a market cap of $58.03 billion, a P/E ratio of 5.63, a P/E/G ratio of 0.37 and a beta of 1.42. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 1.24. General Motors has a twelve month low of $34.56 and a twelve month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.28 earnings per share. On average, sell-side analysts forecast that General Motors will post 10.34 EPS for the current fiscal year.

Insider Transactions at General Motors

In other news, President Mark L. Reuss sold 122,283 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $55.16, for a total transaction of $6,745,130.28. Following the completion of the sale, the president now owns 126,907 shares in the company, valued at $7,000,190.12. The trade was a 49.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the completion of the transaction, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock valued at $28,977,691 in the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General Motors

Institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new stake in General Motors during the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in General Motors during the third quarter worth $27,000. Truvestments Capital LLC purchased a new stake in General Motors in the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new position in General Motors during the 4th quarter valued at $31,000. Finally, Eastern Bank purchased a new position in General Motors during the 3rd quarter worth $34,000. Institutional investors and hedge funds 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.