Recent Research Analysts’ Ratings Changes for General Motors (GM)

A number of research firms have changed their ratings and price targets for General Motors (NYSE: GM):

• 12/16/2024 – General Motors had its price target lowered by analysts at Wells Fargo & Company from $38.00 to $35.00. They now have an “underweight” rating on the stock.
• 12/11/2024 – General Motors was downgraded by analysts at Hsbc Global Res from a “strong-buy” rating to a “hold” rating.
• 12/11/2024 – General Motors was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $58.00 price target on the stock.
• 12/10/2024 – General Motors was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $54.00 price target on the stock, up previously from $46.00.
• 12/9/2024 – General Motors had its price target raised by analysts at Mizuho from $59.00 to $62.00. They now have an “outperform” rating on the stock.
• 10/25/2024 – General Motors had its price target raised by analysts at Sanford C. Bernstein from $53.00 to $55.00. They now have a “market perform” rating on the stock.

General Motors Price Performance

Shares of NYSE GM traded up $0.60 during mid-day trading on Monday, hitting $52.41. 5,135,292 shares of the stock were exchanged, compared to its average volume of 14,677,436. General Motors has a twelve month low of $34.32 and a twelve month high of $61.24. The stock’s fifty day simple moving average is $53.40 and its two-hundred day simple moving average is $48.91. 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 company has a market cap of $57.63 billion, a P/E ratio of 5.59, a PEG ratio of 0.39 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the previous year, the firm earned $2.28 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. As a group, analysts forecast that General Motors will post 10.35 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, December 6th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.92%. General Motors’s dividend payout ratio is currently 5.12%.

Insider Activity

In other news, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $53.33, for a total value of $27,028,923.92. Following the transaction, the chief executive officer now owns 694,548 shares of the company’s stock, valued at $37,040,244.84. This represents a 42.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction 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 sale, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,030,475 shares of company stock valued at $56,509,286. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Chicago Partners Investment Group LLC raised its holdings in General Motors by 15.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 11,382 shares of the auto manufacturer’s stock worth $510,000 after buying an additional 1,559 shares during the period. Donald Smith & CO. Inc. lifted its stake in General Motors by 12.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 1,629,573 shares of the auto manufacturer’s stock valued at $73,070,000 after acquiring an additional 175,860 shares in the last quarter. Foster & Motley Inc. boosted its holdings in General Motors by 121.5% during the third quarter. Foster & Motley Inc. now owns 47,169 shares of the auto manufacturer’s stock worth $2,115,000 after purchasing an additional 25,869 shares during the last quarter. Stoneridge Investment Partners LLC grew its holdings in shares of General Motors by 115.1% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 178,443 shares of the auto manufacturer’s stock valued at $8,001,000 after acquiring an additional 95,484 shares in the last quarter. Finally, Olstein Capital Management L.P. increased its position in shares of General Motors by 14.9% in the third quarter. Olstein Capital Management L.P. now owns 162,000 shares of the auto manufacturer’s stock valued at $7,264,000 after acquiring an additional 21,000 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

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.