The stock of General Motors Company (NYSE:GM) is a huge mover today! About 7.27 million shares traded hands. General Motors Company (NYSE:GM) has risen 7.91% since February 29, 2016 and is uptrending. It has underperformed by 4.30% the S&P500.
The move comes after 9 months positive chart setup for the $50.52 billion company. It was reported on Oct, 3 by Barchart.com. We have $40.70 PT which if reached, will make NYSE:GM worth $13.64B more.
Analysts await General Motors Company (NYSE:GM) to report earnings on October, 19. They expect $1.43 earnings per share, down 4.67% or $0.07 from last year’s $1.5 per share. GM’s profit will be $2.25 billion for 5.60 P/E if the $1.43 EPS becomes a reality. After $1.86 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -23.12% negative EPS growth.
General Motors Company (NYSE:GM) Ratings Coverage
Out of 14 analysts covering General Motors Company (NYSE:GM), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. General Motors Company has been the topic of 36 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, October 22. JP Morgan maintained the shares of GM in a report on Tuesday, April 19 with “Overweight” rating. Piper Jaffray initiated the shares of GM in a report on Friday, June 10 with “Overweight” rating. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, October 14 report. UBS maintained the shares of GM in a report on Friday, October 2 with “Buy” rating. The rating was initiated by Nomura on Tuesday, September 20 with “Neutral”. The stock of General Motors Company (NYSE:GM) earned “Buy” rating by Citigroup on Monday, May 16. UBS maintained the stock with “Buy” rating in Thursday, October 22 report. The stock of General Motors Company (NYSE:GM) earned “Sector Perform” rating by RBC Capital Markets on Friday, July 22. The stock of General Motors Company (NYSE:GM) has “Hold” rating given on Monday, September 21 by Barclays Capital.
According to Zacks Investment Research, “General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. Its business is organized into three geographically-based segments- General Motors North America (GMNA), General Motors International Operations (GMIO) and General Motors Europe (GME). General Motors Company is headquartered in Detroit, Michigan, the United States of America.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.03, from 1.12 in 2016Q1. The ratio turned negative, as 85 funds sold all General Motors Company shares owned while 275 reduced positions. 66 funds bought stakes while 326 increased positions. They now own 1.08 billion shares or 4.97% less from 1.13 billion shares in 2016Q1.
Geneva Advsr Limited Liability Company holds 0.01% or 12,525 shares in its portfolio. Kempner Capital Mngmt reported 218,320 shares or 3.97% of all its holdings. Fulton Retail Bank Na last reported 9,953 shares in the company. Bp Plc has 0.06% invested in the company for 50,000 shares. The New York-based Tiaa Cref Invest Lc has invested 0.06% in General Motors Company (NYSE:GM). Amer Commercial Bank owns 124,436 shares or 1.29% of their US portfolio. Glg Llc has 0.19% invested in the company for 91,258 shares. Goodnow Investment Group Ltd holds 1.58% of its portfolio in General Motors Company (NYSE:GM) for 239,703 shares. Wilsey Asset Mngmt holds 256,601 shares or 5.19% of its portfolio. West Family accumulated 78,479 shares or 0.4% of the stock. Sawtooth Asset Mgmt Inc has invested 0.16% of its portfolio in General Motors Company (NYSE:GM). Patten And Patten Tn has invested 0.71% of its portfolio in General Motors Company (NYSE:GM). Cornercap Investment Counsel last reported 0.18% of its portfolio in the stock. Edgar Lomax Communications Va, a Virginia-based fund reported 373,176 shares. Mackenzie Corp owns 108,526 shares or 0.02% of their US portfolio.
More notable recent General Motors Company (NYSE:GM) news were published by: Investorplace.com which released: “Ford Motor Company (F) and General Motors Company (GM) Are Sneaky Good Buys” on September 30, 2016, also Fool.com with their article: “General Motors Company Delivers on Its Promise, Prices Electric Bolt at $37495” published on September 20, 2016, Usnews.com published: “General Motors Company Resolves Ignition Switch Cases (GM)” on September 06, 2016. More interesting news about General Motors Company (NYSE:GM) were released by: Fool.com and their article: “Will General Motors Company’s Chevy Bolt Boast More Range Than Model 3?” published on September 12, 2016 as well as Seekingalpha.com‘s news article titled: “Should You Buy General Motors For Its 4.7% Yield?” with publication date: September 27, 2016.
GM Company Profile
General Motors Company, incorporated on August 11, 2009, designs, manufactures and sells cars, trucks, crossovers and automobile parts. The Firm provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The Company’s divisions include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial. The GMNA segment offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands in North America. The Firm offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands outside North America.
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