Published: Tue, April 17, 2018
Research | By Jody Lindsey

Berenberg Bank Reiterates $31.00 Price Target for General Motors Company (GM)

After a recent check, General Motors Company (NYSE: GM) stock is found to be 2.07% volatile for the week, while 2.61% volatility is recorded for the month. The firm operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial it has negative earnings.

GM has been the topic of a number of other reports. General Motors Company (GM) has the market capitalization of 54.7 Billion. JPMorgan Chase restated an overweight rating and issued a $55.00 price objective (down previously from $56.00) on shares of General Motors in a report on Tuesday, March 13th.

Past 5 years growth of GM observed at 12.30%, and for the next five years the analysts that follow this company is expecting its growth at 14.55%.

Analysts' mean recommendation for General Motors Company (GM) stands at 2.40. Finally, Zacks Investment Research raised General Motors from a hold rating to a buy rating and set a $46.00 target price on the stock in a research report on Wednesday, February 14th.

Shares of NYSE GM opened at $38.73 on Monday. On Thursday, February 8 the stock of General Motors Company (NYSE:GM) has "Neutral" rating given by Nomura. When a company reports actual earnings results, the surprise factor can cause a stock price to fluctuate. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89.

General Motors Company (NYSE:GM) plans to cut a shift at its Lordstown Assembly plant in OH, an apparent reflection of the down market for passenger cars. The auto manufacturer reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.31. Wall Street forecasts -20.61 % negative EPS growth as of April, 27.

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The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. This represents a $1.52 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Wednesday, March 8th. The ratio is positive due to General Motors Company positioning: 64 sold and 322 reduced. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. The stock has performed 2.76 percent around most recent 30 days, and changed -12.36 percent over the most recent 3-months. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. For a total of 1.93 million shares it increased its holding in Ternium Sa (NYSE:TX) by 276,650 shares in the quarter, and has risen its stake in Hewlett Packard Enterprise. The stock has a 52 week low of $88.43 while its 52 weeks high is $126.88. Given the importance of identifying companies that will ensure earnings per share at a high rate, we later obsession to umpire how to determine which companies will achieve high amassing standards.

If the answer is less than 1, it indicates that price of the stock is in losing momentum. The firm presently has a "sell" rating on the auto manufacturer's stock. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Pin Oak Investment Advisors Inc. bought a new position in shares of General Motors in the fourth quarter worth $2,727,000. Finally, Stumpf Capital Management LLC purchased a new stake in General Motors in the fourth quarter valued at approximately $131,000. General Motors Company had a return on equity of 22.14% and a net margin of 5.69%.

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Both of GM's competitors with roots in Detroit, Ford Motor Co. and Fiat Chrysler Automobiles N.V., have also announced plans to reduce passenger vehicle production in the U.S. Ford has is changing over a plant in Wayne, Michigan, outside of Detroit, to build trucks and shifting more of the production of cars to Mexico and China despite the threat of higher tariffs by the Trump administration. The company operates through GM North America, GM International, and GM Financial segments.

To view Vetr's full report, visit Vetr's official website.

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