Analyzing GM Stock After Receiving A Consensus Rating Of ‘Buy’


According to the reports, 20 researchers have assigned a rating of ‘buy’ to General Motors (NYSE: GM). One equity analyst gave a rating of ‘sell’, 4 gave ‘hold’,  13 issued ‘buy’, and another assigned a ‘strong buy’ recommendation. The average target price of 12 months in 2019 is $44.39.

On Friday, GM stock started from $42.87 in the stock market with a market cap of $61.36 billion. The current, quick, and debt-to-equity quotient are 1.11, 0.97, and 1.70. The simple moving 50-day average price is at $40.48 while the 200-day price being $31.38.

According to the 5th November report, the company had quarterly earnings of $2.83 EPS, surpassing the $1.47 consensus estimate by $1.36. Their revenue was $35.48 billion, surpassing the $35.35 billion estimate. The return equity was 9.78% while the net margin was 2.92%.

GM Stock Transactions

Credit Suisse reissued a rating of ‘buy’ with the target price for GM stock being $56. Jefferies Group assigned a rating of ‘hold’ with a price objective of $28. Morgan Stanley lifted the price target to $53 from $ 44 and gave a rating of ‘overweight’. Zacks raised the rating to ‘strong buy’ from ‘hold’ with the price objective of $47. Barclays increased the price objective to $45 from $40 with a rating of ‘overweight’.

Randall Mott, EVP, sold off 25,000 GM shares at $44 worth $1,100,000. Insiders own 0.65% General stock.

Cetera Advisors increased their holdings in GM by 1.9%, owning shares worth $422,000. Julius Baer and Co Bank lifted their holdings by 7.3% and now own $137,000 worth of shares. Townsquare Capital raised its holdings, owning $574,000 worth of shares. Lumbard & Kellner raised their holdings by 0.3%, owning $3,059,000 worth of shares. Conning Inc raised their holdings by 2% and now own shares priced at $532,000. Hedge funds and institutional investors own 74.27% General Motors stock.

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