Should Investors Be Selling General Motors (NYSE:GM)? Nomura Has Just Downgraded The Stock

January 22, 2018 - By Peter Erickson

  Should Investors Be Selling General Motors (NYSE:GM)? Nomura Has Just Downgraded The Stock

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.15, from 1.02 in 2017Q2. It dropped, as 66 investors sold General Motors Company shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported.

Obermeyer Wood Invest Counsel Lllp stated it has 7,803 shares or 0.03% of all its holdings. Kcm Inv Advisors reported 0.04% in General Motors Company (NYSE:GM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt invested in 94,400 shares or 0.04% of the stock. Greenwood Gearhart reported 2.71% stake. First National Trust has 21,099 shares. Moreover, Regions Corp has 0.01% invested in General Motors Company (NYSE:GM) for 28,606 shares. Silver Cap Management Ltd Limited Liability Company accumulated 1.93% or 11,855 shares. 152,000 were reported by Advent Cap De. Levin Capital Strategies L P has 1.54 million shares for 1.05% of their portfolio. Loomis Sayles And Com Lp accumulated 66,641 shares or 0.01% of the stock. Commonwealth Equity Service has invested 0.08% in General Motors Company (NYSE:GM). Shelton Cap Management holds 10,151 shares. Bnp Paribas Asset Management Holding Sa holds 0.02% of its portfolio in General Motors Company (NYSE:GM) for 65,296 shares. Schwab Charles Mngmt accumulated 5.19M shares. Synovus Fincl reported 25,204 shares stake.

General Motors (NYSE:GM) Receives a Downgrade

In an analyst note issued on 1 November, Nomura has decided to downgraded their rating on shares of General Motors (NYSE:GM) to a “Hold” and has set an estimated 12-month target equal to $46.0. This target is 6.26 % from GM’s current share price.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.15, from 1.02 in 2017Q2. It dropped, as 66 investors sold General Motors Company shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported.

Obermeyer Wood Invest Counsel Lllp stated it has 7,803 shares or 0.03% of all its holdings. Kcm Inv Advisors reported 0.04% in General Motors Company (NYSE:GM). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt invested in 94,400 shares or 0.04% of the stock. Greenwood Gearhart reported 2.71% stake. First National Trust has 21,099 shares. Moreover, Regions Corp has 0.01% invested in General Motors Company (NYSE:GM) for 28,606 shares. Silver Cap Management Ltd Limited Liability Company accumulated 1.93% or 11,855 shares. 152,000 were reported by Advent Cap De. Levin Capital Strategies L P has 1.54 million shares for 1.05% of their portfolio. Loomis Sayles And Com Lp accumulated 66,641 shares or 0.01% of the stock. Commonwealth Equity Service has invested 0.08% in General Motors Company (NYSE:GM). Shelton Cap Management holds 10,151 shares. Bnp Paribas Asset Management Holding Sa holds 0.02% of its portfolio in General Motors Company (NYSE:GM) for 65,296 shares. Schwab Charles Mngmt accumulated 5.19M shares. Synovus Fincl reported 25,204 shares stake.

General Motors Company (NYSE:GM) Ratings Coverage

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 55% are positive. General Motors Company has $60.0 highest and $26 lowest target. $43.06’s average target is -0.53% below currents $43.29 stock price. General Motors Company had 83 analyst reports since July 24, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Buy” rating and $52 target in Wednesday, October 25 report. UBS maintained General Motors Company (NYSE:GM) rating on Friday, October 2. UBS has “Buy” rating and $48 target. The stock of General Motors Company (NYSE:GM) earned “Sector Perform” rating by RBC Capital Markets on Thursday, October 22. On Friday, July 14 the stock rating was maintained by RBC Capital Markets with “Hold”. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, October 14 report. The firm earned “Underweight” rating on Wednesday, February 24 by Morgan Stanley. BMO Capital Markets maintained the shares of GM in report on Wednesday, October 25 with “Market Perform” rating. The stock has “Buy” rating by RBC Capital Markets on Tuesday, January 16. The stock has “Sell” rating by Berenberg on Tuesday, November 22. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, July 22 report.

The stock increased 0.32% or $0.14 during the last trading session, reaching $43.29. About 15.22M shares traded or 16.83% up from the average. General Motors Company (NYSE:GM) has risen 7.92% since January 22, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on February, 6. They expect $1.29 earnings per share, up 0.78 % or $0.01 from last year’s $1.28 per share. GM’s profit will be $1.83B for 8.39 P/E if the $1.29 EPS becomes a reality. After $1.32 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -2.27 % negative EPS growth.

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company has market cap of $61.49 billion. The firm operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial divisions. It has a 21.13 P/E ratio. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel, Vauxhall, Baojun, Jiefang, and Wuling brand names.

More notable recent General Motors Company (NYSE:GM) news were published by: Bloomberg.com which released: “GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit” on January 16, 2018, also Cnbc.com with their article: “GM sees flat 2018 earnings, with sales of pickups picking up in 2019” published on January 16, 2018, Reuters.com published: “Exclusive: GM, DHL use a Chinese plant to lead manufacturing change” on January 17, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Seekingalpha.com and their article: “GM walking tall at Detroit Auto Show” published on January 16, 2018 as well as Fool.com‘s news article titled: “What to Expect From General Motors Company in 2018” with publication date: January 12, 2018.

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