General Motors Company (NYSE:GM) Stock Rating Lowered by BidaskClub

General Motors Company (NYSE:GM) Stock Rating Lowered by BidaskClub

General Motors Company (NYSE:GM) Stock Rating Lowered by BidaskClub

General Motors Company (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Friday, April 28th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.34 by $0.05. The company generated a return on equity (ROE) of 22.60%.

Korean automaker Hyundai saw a 7.4% decline while Kia, its sister brand, saw sales fall 9.9%. For the first six months of the year, total sales were up 15.6 percent, the strongest first half of the year since 2008, just before the global financial crisis hit. General Motors Company's revenue for the quarter was up 10.6% on a year-over-year basis.

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Several equities research analysts have commented on the stock. Barclays Capital upgraded Ford Motor Company (NYSE:F) rating on Friday, February 3.

When it comes to the Analysis of a Stock, Price Target plays a vital role. Finally, Tigress Financial reissued a "strong-buy" rating on shares of General Motors Company in a research report on Thursday, March 30th. They set a "neutral" rating and a $37.00 target price for the company.

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Multiple company employees have indulged in significant insider trading. At the time of writing, the First Call consensus price target for the company is $122.66. The company presently has an average rating of "Buy" and an average target price of $39.62. Ford shares jumped 3.5% and GM shares were up 3.6%. The stock's 50 day moving average is $33.80 and its 200 day moving average is $35.41. Rockland Trust Co. increased its position in Ford Motor Company by 0.4% in the first quarter. Deutsche Bank maintained Ford Motor Company (NYSE:F) on Thursday, May 25 with "Hold" rating.

Want to see what other hedge funds are holding GM? United Bank VA's holdings in Ford Motor Company were worth $3,019,000 at the end of the most recent reporting period. Clearbridge Investments LLC boosted its stake in General Motors Company by 26,374.8% in the first quarter. Telemus Capital LLC now owns 8,193 shares of the auto manufacturer's stock worth $290,000 after buying an additional 102 shares during the last quarter. Vanguard Group Inc. now owns 89,853,324 shares of the auto manufacturer's stock valued at $3,177,214,000 after buying an additional 2,744,821 shares during the period. Finally, CLSA began coverage on General Motors Company in a research note on Wednesday, June 21st. Swiss National Bank now owns 4,869,357 shares of the auto manufacturer's stock worth $172,180,000 after buying an additional 977,300 shares in the last quarter. The stock has a market cap of $51.91 billion, a PE ratio of 5.32 and a beta of 1.35.

In the transaction dated March 16, 2017, the great number of shares disposed came courtesy the Group Vice President; OJAKLI ZIAD S disposed a total of 50,309 shares at an average price of $12.63, amounting to approximately $635,403. The stock rose 3.03% or $1.06 reaching $35.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Guardian Life Ins Company Of America reported 14,955 shares.

During the trading day, the stock price fluctuated between $11.16 and $11.28. Stock institutional ownership is 75.80% while insider ownership includes 0.10%.

The company also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Verition Fund Management Limited invested in 0.26% or 245,200 shares. Paloma Mngmt Com has invested 0.04% in Ford Motor Company (NYSE:F). Automakers say customers are buying SUV's and trucks but not cars.

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