According to Bloomberg Ratings, the twenty different brokerages that are currently covering General Motors (NYSE: GM) (TSE: GMM.U) have collectively provided the company with a rating that averages out to “Moderate Buy.” This information was obtained from the brokerages.
The company has received a recommendation to buy from 10 analysts, a strong buy rating from one of the analysts, a sell rating from another analyst, a hold rating from five analysts, and a buy recommendation from one.
Most investment firms that have updated their stock coverage within the past year have set an average price target of $50.07 for the stock’s price within the next year.
In related news, on February 9, Executive Vice President Gerald Johnson sold 15,743 shares of the company’s stock. When the shares were sold, a total of $671,438.95 was generated because the average price at which they were sold was $42.65.
The current value of the executive vice president’s holdings is $3,037,063.85, and he currently possesses 71,209 shares of the company’s stock.
Because of the filing made with the SEC, information regarding the transaction is now available to the general public. On the website of the SEC, you can locate this particular file.
In related news, on February 9, Executive Vice President Gerald Johnson sold 15,743 shares of the company’s stock.
A total price of $671,438.95 was received for the sale of the shares, which works out to an average selling price of $42.65 per share.
The current value of the executive vice president’s holdings is $3,037,063.85, and he currently possesses 71,209 shares of the company’s stock.
In light of the information presented above. ………………………….
Additionally, on February 2, the company’s Executive Vice President, Stephen K. Carlisle, sold 18,000 of the company’s shares of stock.
There was $755,460.00 worth of transactions involving the company’s shares, each occurring at an average price of $41.97. Following the successful conclusion of the transaction, the executive vice president now directly owns 46,170 shares of the company.
Based on the current stock price, these shares are estimated to be worth approximately $1,937,754.90.
Disclosures related to the sale might be found in this website section.
A total of 0.10% of the company’s total shares are held by those working within the company.
Recently, General Motors has been the subject of reports written by several distinct research companies. You can look at these reports right here.
Tigress Financial reaffirmed its “strong-buy” recommendation on shares of General Motors and set a target price of $86,000 for the company’s stock in a research note dated February 21.
The note also established a target price for the company’s stock. Ye.commastmastmastmastmastmastmastmastmastmastmastmastmastmastmastmas, etc. Citigroup upgraded its rating for the stock of General Motors from “hold” to “buy” and raised its price target from $80.00 to $82.00 in a research report published on Thursday, February 2.
The publication of the research note on Thursday marked the beginning of StockNews.com’s coverage of research notes about General Motors shares.
They suggested to the investors that the best course of action would be to “buy” the shares.
In a research note released on Monday, January 30, Berenberg Bank concluded that they would no longer recommend purchasing shares of General Motors and lowered their target price from $45.00 to $41.00.
Additionally, they changed their rating for the company from “buy” to “hold.”
As a result of recent happenings, several large investors have altered the proportion of the company’s stock they currently hold in their portfolios.
During the third quarter of this fiscal year, Vanguard Group INC increased its stake in General Motors by 4.0 percentage points. Vanguard Group INC now has 111,810,845 shares of the automaker’s stock in its possession following the acquisition of 4,251,190 shares during the most recent quarter.
The stock is currently valued at $3,588,010,000 due to the size of Vanguard Group INC’s holdings.
The percentage of General Motors stock that State Street Corporation owned at the end of the third quarter increased by 1.0% thanks to this company’s purchase. Following the acquisition of an additional 572,357 shares during the most recent quarter, State Street Corp. now owns 57,792,618 shares of the automaker’s stock, which has a value of $1,854,565,000.
During the third quarter, the Bank of New York Mellon Corporation grew its ownership stake in General Motors by 13.5%, bringing the total percentage of its holdings to 13.5%.
The Bank of New York Mellon Corp. now owns 15,240,329 shares of the automaker’s stock after purchasing an additional 1,814,943 shares.
The stock currently has a value of $489,063,000 due to the ownership of these 15,240,329 shares.
Morgan Stanley increased the proportion of its General Motors holdings by 6.5% during the fourth quarter.
After making additional purchases totaling $921,435 during the quarter, Morgan Stanley now holds 15,011,042 shares of the automaker’s stock in its portfolio.
At this time, one share of stock is worth a total of $504,972,000.
And finally, during the final three months of the year, Arrowstreet Capital Limited Partnership witnessed a growth in the value of its holdings in General Motors that was 93.0% greater than the previous quarter.
Arrowstreet Capital Limited Partnership now has 14,763,488 shares of the automaker’s stock, currently valued at $496,644,000, following the purchase of an additional 7,115,861 shares during the most recent period.
At the moment, institutional investors are in control of 78.92% of the company’s total shares.
On Thursday, the General Motors stock market opened at $34.33 per share.
The stock has a price-to-earnings ratio of 5.60, a price-to-growth ratio of 0.60, and a beta value of 1.36.
All of these metrics pertain to the stock’s valuation.
It is estimated to be worth 47.88 billion dollars today.
The ratio of debt to equity is 1.06; the ratio of current assets to quick assets is 1.10; and the ratio of current assets to quick assets is 0.93.
The company’s moving average price over the past 200 days is $37.78, and the company’s moving average price over the last 50 days is $38.80.
During the previous year, the price of a General Motors vehicle fluctuated between $30.33 and $46.74, reaching a low of $30.33 and a high of $46.74.
General Motors (NYSE: GM) (TSE: GMM.U) disclosed the outcomes of its most recent quarterly earnings report on Tuesday, January 31.
The manufacturer of automobiles reported earnings per share for the quarter of $2.12, which is $0.44 more than the consensus estimate of $1.68 from analysts working in the automotive industry.
The sales for the company during the period came in at $43.11 billion, a significant increase from the $40.62 billion that analysts anticipated they would be.
The return on equity and net margin for General Motors came in at 16.08% and 6.34%, respectively when the company’s financials were analyzed. General Motors reported an increase in revenue was 28.4% higher compared to the same period the previous year.
The company generated $1.35 per share during the previous year’s period. Sell-side analysts anticipate that General Motors will record an annual average profit per share of $6.21 for the current fiscal year.
This is according to the analysts’ projections.