Analyzing GM Stock After Being Assigned A Rating Of ‘Buy’


General Motors (NYSE: GM) has been demoted to a recommendation of ‘buy’ from ‘strong-buy’ by BidaskClub analysts, according to their reports.

On Tuesday, the company started from $41.62 at the stock market with the market cap being $59.57B. The lowest in 1 year is $14.32 while the highest is $46.71. Their current, quick, and debt-to-equity quotient are 1.11, 0.97, and 1.70. The 50-day rolling average stands at $40.92 while the 200-day rolling average is at $31.68.

According to the 5th November report, General Motors had a quarterly EPS earnings of $2.83, surpassing the $1.47 consensus estimate by $1.36. The net margin was 2.92% and the return equity was 9.78%. Their revenue was $35.48B that surpassed the $35.35B estimate.

GM Stock Transactions

Credit Suisse reassigned a rating of ‘buy’ and gave a price objective of $56. Barclays increased the target price to $45 from 40 and gave a rating of ‘overweight’. JPMorgan Chase&Co promoted it to $46 from $44 and gave a rating of ‘overweight’. Royal Canada Bank increased it to $49 from $44 and gave a rating of ‘outperform’. Benchmark lifted it to $47 from $41 and gave a rating of ‘buy’. GM has a consensus ‘buy’ recommendation with a $44.39 price objective.

Craig Glidden, EVP, sold off 454,187 GM shares at $43.14 worth $19,593,627.18. Cristopher Hatto, CAO, sold 8,148 GM shares at $36 worth $293,328. 0.65% of the stock is owned by insiders.

Jeppson Management bought a new stake in GM stock Q3 worth $27,000 while Highlander Management purchased a new position worth $30,000. Citizens Fin. Group increased its holdings by 758%, owning $33,000 worth of shares. Advisory Alpha bought a new position in Q3 that is priced at $40,000 and Global Management raised their holdings by 29.8% in Q2, owning $41,000 worth of shares. 74.27% of the stock is owned by institutional investors and hedge funds.

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