They trimmed their holdings by selling the stock on downticks to the tune of $75.43 million. They now have a Dollars 15 price target on the stock.
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A number of other brokerages have also recently weighed in on GM. Analysts projected the minimum sales estimate of $37,802.00M and some analysts told that the stock may achieve maximum sales of $41,029.00M.
Buckingham Research is a brokerage house chasing shares of Ford Motor Co. 8 said a “Buy Rating” and 2 announced “Overweight Rating”. “The stock has been suggested as “Buy” from “9” Analysts”. Finally, Zacks Investment Research upgraded General Motors from a hold rating to a buy rating and set a $33.00 price objective for the company in a research report on Wednesday, June 22nd.
(NYSE:F) also making a luring appeal, share price swings at $12.19 with percentage change of 0.12% in most recent trading session.
Price Momentum: Despite the 0.75% rise in value, the stock’s new closing price reflects a -18.53% fall in price from company’s one year high of $15.84. The firm has floated short ration of 1.68%, hold to candle to sentiment indicator; Short Ratio was 5.42. The Stock has its 52-week High of $15.84 and 52-Week Low of $11.02 and it touched its 52-week high on Oct 26, 2015 and 52-Week Low on Feb 3, 2016. The stock was sold at an average price of $31.94, for a total value of $199,625.00.
The consensus mean EPS for the current quarter is at $0.22 derived from a total of 17 estimates. General Motors had a return on equity of 23.96% and a net margin of 7.90%.
A current consensus EPS estimate for next quarter is at $1.27 and 3 month ago EPS forecast was $1.40. Year-to-Date the stock performance stands at -8.66%. General Motors’s quarterly revenue was up 11.0% compared to the same quarter a year ago.
GENERAL MOTORS COMPANY (GM) received consensus recommendation of “Outperform” from Analysts polled at Thomson Reuters. (NYSE:T) posted earnings per share of $0.72 versus the Zacks estimate of $0.72. The co has dividend yield of 4.93% that is also considered as effective indicator. General Motors’s dividend payout ratio is now 19.46%.
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In other General Motors news, VP Thomas S. Timko sold 6,250 shares of the firm’s stock in a transaction on Tuesday, August 23rd. Following the completion of the sale, the vice president now owns 27,477 shares of the company’s stock, valued at $877,615.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jane L. Mendillo bought 1,600 shares of the business’s stock in a transaction on Tuesday, August 2nd. Beta value of the stock stands at 1.29. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock. Vanguard Group Inc. raised its position in General Motors by 0.4% in the second quarter. Peapack Gladstone Financial Corp now owns 6,402 shares of the auto manufacturer’s stock worth $201,000 after buying an additional 225 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of General Motors by 3.6% in the first quarter. Acadian Asset Management LLC now owns 28,095 shares of the auto manufacturer’s stock worth $795,000 after buying an additional 1,722 shares during the last quarter. Natixis increased its stake in General Motors by 576.0% in the first quarter. Analysts study the companies they cover in order to present the buy-side institutions with the information needed to make investment decisions.
