General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) is expected to be announcing its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $42,286,258.04 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
General Motors Trading Down 0.5 %
NYSE GM opened at $53.95 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The business has a fifty day simple moving average of $53.17 and a 200 day simple moving average of $49.85. General Motors has a 12 month low of $34.71 and a 12 month high of $61.24. The firm has a market capitalization of $59.32 billion, a P/E ratio of 5.75, a PEG ratio of 0.38 and a beta of 1.42.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on GM. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein upped their target price on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Wells Fargo & Company dropped their price target on General Motors from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and boosted their price target for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.17.
Insiders Place Their Bets
In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Mark L. Reuss sold 122,283 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $55.16, for a total value of $6,745,130.28. Following the completion of the sale, the president now directly owns 126,907 shares in the company, valued at approximately $7,000,190.12. The trade was a 49.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 514,344 shares of company stock worth $28,977,691 in the last quarter. 0.72% of the stock is owned by company insiders.
About General Motors
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.
Read More
- Five stocks we like better than General Motors
- The How and Why of Investing in Gold Stocks
- Bloom Energy: Powering the Future With Decentralized Energy
- The 3 Best Retail Stocks to Shop for in August
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- How to Effectively Use the MarketBeat Ratings Screener
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.