Analysts Set General Motors (NYSE:GM) PT at $59.71

General Motors (NYSE:GM) (TSE:GMM.U) has been assigned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $59.71.

Several research firms have commented on GM. 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. Morgan Stanley upgraded shares of General Motors from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. HSBC lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target for the company. in a research note on Wednesday, December 11th. Finally, StockNews.com lowered shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

General Motors Price Performance

Shares of NYSE GM opened at $46.31 on Thursday. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The firm has a fifty day simple moving average of $50.68 and a 200 day simple moving average of $50.22. The company has a market capitalization of $46.07 billion, a PE ratio of 7.53, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, sell-side analysts forecast that General Motors will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.04%. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

Insider Transactions at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was bought at an average price of $50.66 per share, for a total transaction of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This represents a 700.12 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares of the company’s stock, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in shares of General Motors by 204.9% in the 3rd quarter. Blue Trust Inc. now owns 7,654 shares of the auto manufacturer’s stock worth $356,000 after buying an additional 5,144 shares during the last quarter. OLD National Bancorp IN purchased a new stake in General Motors during the 3rd quarter worth approximately $269,000. Foundations Investment Advisors LLC grew its position in General Motors by 2.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 13,212 shares of the auto manufacturer’s stock worth $592,000 after purchasing an additional 292 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in General Motors by 29.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 55,969 shares of the auto manufacturer’s stock worth $2,510,000 after purchasing an additional 12,729 shares during the last quarter. Finally, Eastern Bank purchased a new stake in General Motors during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors 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.