General Motors (NYSE:GM) Raised to Buy at StockNews.com

General Motors (NYSE:GM) (TSE:GMM.U) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Wedbush boosted their price target on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Morgan Stanley upgraded General Motors from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Royal Bank of Canada upped their target price on shares of General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. 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 report on Friday, October 11th. Finally, The Goldman Sachs Group lifted their target price on shares of General Motors from $53.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $61.28.

General Motors Trading Down 0.4 %

Shares of NYSE:GM opened at $49.85 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. The stock has a market capitalization of $54.82 billion, a price-to-earnings ratio of 5.31, a PEG ratio of 0.38 and a beta of 1.42. The company has a 50 day moving average price of $53.04 and a 200 day moving average price of $49.95. General Motors has a 1-year low of $37.40 and a 1-year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 6.06% and a return on equity of 16.30%. On average, research analysts anticipate that General Motors will post 10.34 EPS for the current fiscal year.

Insider Buying and Selling at General Motors

In related news, EVP Craig B. Glidden sold 383,142 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at approximately $6,935,192.95. The trade was a 75.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 514,344 shares of company stock worth $28,977,691. Company insiders own 0.72% of the company’s stock.

Institutional Trading of General Motors

Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning grew its holdings in shares of General Motors by 36.2% in the 2nd quarter. Creative Planning now owns 190,247 shares of the auto manufacturer’s stock valued at $8,839,000 after acquiring an additional 50,543 shares in the last quarter. NewEdge Advisors LLC grew its holdings in General Motors by 51.3% in the 2nd quarter. NewEdge Advisors LLC now owns 32,915 shares of the auto manufacturer’s stock valued at $1,529,000 after buying an additional 11,164 shares in the last quarter. Granite Bay Wealth Management LLC bought a new position in General Motors during the second quarter worth about $1,407,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of General Motors by 469.6% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 570,775 shares of the auto manufacturer’s stock worth $26,517,000 after purchasing an additional 470,568 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in General Motors in the 2nd quarter valued at $25,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

About General Motors

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.