They now have a $13.00 price objective on the auto manufacturer’s stock. The company had revenue of $42400.00 million for the quarter, compared to analysts expectations of $37319.22 million.
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Morgan Stanley shifts to an Overweight rating on General Motors (NYSE:GM) after having the automaker set at Neutral. Piper Jaffray Cos. assumed coverage on shares of General Motors in a research report on Thursday, June 9th.
Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter. Analyst revisions of estimates leading up to a quarterly earnings release are also important indicators of how they well they think the company will perform heading into the announcement. Finally, Seaport Global Securities initiated coverage on Ford Motor in a research note on Tuesday, August 9th. 12 advised “Hold Rating” regarding the stock. 12 advised the “Hold” rating about this stock.
Ford Motor (NYSE:F) traded up 1.73% during trading on Friday, reaching $12.32. The stock recent traded volume was lower as compared with its average volume of 13319500 shares.
Shares of General Motors were higher in Monday afternoon trading.
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 1.24, and a price to sales ratio of 1.68.
In addition to stock price targets, sell-side firms pay particular attention to company earnings and projected growth.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th.
Presently, Analysts decided consensus EPS estimate of $1.61 for present quarter and one month ago projected EPS estimate was at $1.61. Company gross margin stands at 24.50% whereas its return on investment (ROI) is 5.60%. However a year ago for the same quarter the company has reported $1.5 EPS. For example, the issue bolted to $32.87 on July 21, on the heels of blowout Q2 report that included an EPS beat of $0.37 along with almost a $4 billion revenue. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Wednesday, September 7th. Ford Motor’s dividend payout ratio is now 29.27%. During the last six months the stock slipped -0.69%. The shares were purchased at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at approximately $306,500. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Artemis Investment Management LLP increased its stake in General Motors by 126.9% in the second quarter. The stock has market worth of $187.71B.
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Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions. The Company operates in two sectors: Automotive and Financial Services. ABR value is precisely based on brokerage recommendations, where out of 14 brokerage recommendations 5 rate General Motors Company (NYSE:GM) stock a Strong Buy, 1 rate the stocks of the company a Buy, 8 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Through its wholly owned subsidiary, Ford Motor Credit Company LLC, it provides automotive financing products to and through automotive dealers throughout the world.
