The stocks of GM have been issued with a rating of buy by close to twenty-two investment analysts that have covered the firm. According to a report, two of the analysts provided the company with a rating of sell, while someone else gave it a rating of hold. Around eighteen others gave the company a rating of buy. The price target of the company over a period of a year has been set at $63.48.
The Stock Commentary Of GM
There have been quite a few research equities that have commented on the stocks of GM. Wells Fargo & Company has already issued an overweight rating on the company with a price target of $67 on the company in a 5th April research report. Argus has also put forward a price target of $66 with a rating of buy on the company in an 18th May research report.
JPMorgan Chase & Co also decided to increase the target price of the company from $71 to $73 with a rating of overweight in a 4th June research report. Barclays also decided to increase the price target of the company from $70 to $74 with a rating of overweight in a 22nd June research report. In the end, Zacks Investment Research also lowered the rating of the company from hold to strong sell with a price target of $51 in a 13th April research report.
The stocks of GM decided to open on Tuesday at $58.64. The year low of the company has been set at $23.33, with a year high of around $64.30. The moving average price of the company over a period of 50 days has been set at $58.61. The debt-to-equity ratio of the company has been set at 1.40, with a 0.92 quick ratio. The market cap of the firm is $85.07 billion, with a 9.49 PE ratio, along with a PEG ratio of 1.
GM previously announced their quarterly report on the 5th of May. The company had reported an EPS of $2.25 over the quarter, which was more than the consensus estimate of $0.97. The net margin of the company has been set at 7.49%, with a 19.59% return on equity.
