General Motors (NYSE:GM) Stock Rating Lowered by DZ Bank

General Motors (NYSE:GM) (TSE:GMM.U) was downgraded by DZ Bank from a “buy” rating to a “hold” rating in a research report issued on Friday, Marketbeat Ratings reports. They currently have a $49.00 price target on the auto manufacturer’s stock. DZ Bank’s target price would suggest a potential upside of 2.36% from the company’s current price.

GM has been the subject of several other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $54.00 target price on shares of General Motors in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $53.00 price objective on shares of General Motors in a research report on Tuesday, September 10th. UBS Group upped their target price on General Motors from $61.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Morgan Stanley lowered shares of General Motors from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $47.00 to $42.00 in a report on Wednesday, September 25th. Finally, Nomura Securities upgraded shares of General Motors to a “strong sell” rating in a research report on Monday, August 5th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.16.

General Motors Stock Performance

Shares of GM stock opened at $47.87 on Friday. The business’s 50-day moving average price is $46.27 and its 200-day moving average price is $45.80. General Motors has a 12 month low of $26.30 and a 12 month high of $50.50. The company has a current ratio of 1.18, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $53.80 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 0.56 and a beta of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.67 by $0.39. General Motors had a net margin of 6.22% and a return on equity of 15.77%. The business had revenue of $47.97 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period last year, the company earned $1.91 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that General Motors will post 9.95 EPS for the current year.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 2,302 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the completion of the sale, the executive vice president now directly owns 10,356 shares of the company’s stock, valued at $489,942.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other General Motors news, EVP Rory Harvey sold 2,302 shares of General Motors stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $47.31, for a total transaction of $108,907.62. Following the transaction, the executive vice president now directly owns 10,356 shares of the company’s stock, valued at $489,942.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul A. Jacobson bought 25,000 shares of the stock in a transaction dated Friday, July 26th. The stock was purchased at an average price of $44.11 per share, with a total value of $1,102,750.00. Following the acquisition, the chief financial officer now owns 261,872 shares of the company’s stock, valued at $11,551,173.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On General Motors

Several institutional investors have recently modified their holdings of GM. SJS Investment Consulting Inc. boosted its position in General Motors by 34.5% in the second quarter. SJS Investment Consulting Inc. now owns 792 shares of the auto manufacturer’s stock worth $37,000 after purchasing an additional 203 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of General Motors by 56.1% in the 2nd quarter. Fortitude Family Office LLC now owns 626 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 225 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in General Motors by 3.5% during the second quarter. SeaCrest Wealth Management LLC now owns 6,804 shares of the auto manufacturer’s stock valued at $316,000 after buying an additional 227 shares during the period. Institute for Wealth Management LLC. increased its holdings in General Motors by 0.6% during the second quarter. Institute for Wealth Management LLC. now owns 36,624 shares of the auto manufacturer’s stock worth $1,702,000 after buying an additional 230 shares during the last quarter. Finally, Beech Hill Advisors Inc. raised its position in General Motors by 1.6% in the second quarter. Beech Hill Advisors Inc. now owns 15,233 shares of the auto manufacturer’s stock worth $708,000 after acquiring an additional 233 shares during the period. 92.67% of the stock is owned by institutional investors.

General Motors Company Profile

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.