Morgan Stanley Boosts General Motors (GM) Price Target to $44.00

General Motors (NYSE:GM) (TSE:GMM.U) had its price objective lifted by Morgan Stanley from $43.00 to $44.00 in a research report released on Tuesday. They currently have an overweight rating on the auto manufacturer’s stock.

Several other equities analysts have also issued reports on the company. Nomura dropped coverage on General Motors in a research report on Tuesday. Citigroup boosted their price objective on General Motors from $57.00 to $60.00 and gave the company a buy rating in a research report on Tuesday. ValuEngine upgraded General Motors from a sell rating to a hold rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded General Motors from a sell rating to a hold rating in a research report on Tuesday, October 9th. Finally, Buckingham Research reduced their price target on General Motors from $37.00 to $34.00 and set a neutral rating for the company in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. General Motors presently has an average rating of Buy and a consensus price target of $46.38.

Shares of GM traded down $1.01 on Tuesday, hitting $35.56. The company’s stock had a trading volume of 573,027 shares, compared to its average volume of 15,894,301. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.89. General Motors has a fifty-two week low of $30.56 and a fifty-two week high of $45.52. The firm has a market capitalization of $51.46 billion, a PE ratio of 5.37, a P/E/G ratio of 0.70 and a beta of 1.25.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.62. General Motors had a return on equity of 25.81% and a net margin of 0.56%. The business had revenue of $35.79 billion during the quarter, compared to analyst estimates of $34.85 billion. During the same period in the previous year, the firm earned $1.32 EPS. General Motors’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts predict that General Motors will post 6.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, December 6th. General Motors’s dividend payout ratio (DPR) is currently 22.96%.

A number of large investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd acquired a new stake in shares of General Motors in the 2nd quarter valued at approximately $115,000. MUFG Americas Holdings Corp acquired a new stake in shares of General Motors in the 2nd quarter valued at approximately $123,000. TRUE Private Wealth Advisors acquired a new stake in shares of General Motors in the 3rd quarter valued at approximately $106,000. Kaizen Advisory LLC boosted its holdings in shares of General Motors by 163.6% in the 2nd quarter. Kaizen Advisory LLC now owns 3,298 shares of the auto manufacturer’s stock valued at $130,000 after buying an additional 2,047 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of General Motors by 108.4% in the 2nd quarter. CWM LLC now owns 3,510 shares of the auto manufacturer’s stock valued at $138,000 after buying an additional 1,826 shares during the last quarter. 73.90% of the stock is owned by hedge funds and other institutional investors.

General Motors Company Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Analyst Recommendations for General Motors (NYSE:GM)

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