This actual number came in $0.25 off of the Zacks Research consensus estimate. Revenues also improved year over year, and exceeded the Zacks Consensus Estimate. “However, General Motors faces challenges due to the scaling down or closure of its manufacturing operations, recall-related fix and compensation expenses”. Ford Motor Company has a 52-week low of 10.44 and a 52-week high of 15.84. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed.
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The stock’s 50 day moving average is 240.36 and its 200 day moving average is 216.06.
General Motors Company (NYSE:GM) last released its earnings results on Thursday, April 21st. On this simple scale, a rating of 1 or 2 would translate into a Buy recommendation. The company had revenue of $37300.00 million for the quarter, compared to analysts expectations of $34546.85 million.
On last trading day The Coca-Cola Company (NYSE:KO) fell -0.18% to close at $45.24. The business’s revenue was up 4.5% compared to the same quarter previous year.
05/05/2016 – Tesla Motors, Inc. had its “hold” rating reiterated by analysts at Deutsche Bank. Last year, $ 1.52 has been paid in form of dividends to investors. Douglass Winthrop Advisors sold out all of its stake in GM during the most recent quarter. Over the last three months and over the last six months, the shares of Ford Motor Co. The Hedge Fund company now holds 39,417 shares of GM which is valued at $1,220,350. Finally, Goldman Sachs restated a hold rating on shares of General Motors Company in a research note on Saturday, April 23rd. They now have a $60.00 target price on the apparel retailer’s stock. Covering equity analysts polled by Zacks Research have a consensus target price of $86.473 on shares of Time Warner Inc.
In other news, EVP Karl-Thomas Neumann sold 1,635 shares of the stock in a transaction dated Wednesday, February 17th. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
On May 3, 2016 General Motors Company (GM) delivered 200,656 vehicles in April to individual or “retail” customers, up 3 percent year-over-year, driven by an 13 percent increase at Buick, 5 percent increase at GMC and a 4 percent increase at Chevrolet. Vanguard Group Inc. now owns 82,980,517 shares of the auto manufacturer’s stock worth $2,822,167,000 after buying an additional 1,007,164 shares during the period. GM institutional ownership remained 76.80% while insider ownership included 0.10%. The analysts also projected the company’s long-term growth at 14.07% for the upcoming five years. Finally, Dowling & Yahnke LLC raised its stake in General Motors Company by 34.7% in the fourth quarter. The company shares changing hands with the volume of 5.16 million shares where it keeps an average volume of 5.55 million shares.
General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world.
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There’s more – check out these other key numbers for evaluating General Motors stock.
