The stock of General Motors Company (NYSE:GM) is a huge mover today! About 12.16M shares traded hands. General Motors Company (NYSE:GM) has risen 6.44% since April 28, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
The move comes after 5 months positive chart setup for the $55.33 billion company. It was reported on Dec, 1 by Barchart.com. We have $38.52 PT which if reached, will make NYSE:GM worth $3.32B more.
Analysts await General Motors Company (NYSE:GM) to report earnings on February, 1. They expect $1.20 earnings per share, down 13.67% or $0.19 from last year’s $1.39 per share. GM’s profit will be $1.83 billion for 7.56 P/E if the $1.20 EPS becomes a reality. After $1.72 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -30.23% negative EPS growth.
General Motors Company (NYSE:GM) Ratings Coverage
Out of 16 analysts covering General Motors Company (NYSE:GM), 8 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 50% are positive. General Motors Company has been the topic of 38 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Deutsche Bank on Monday, September 21. The firm has “Strong Buy” rating by S&P Research given on Friday, September 18. The company was initiated on Tuesday, August 9 by Jefferies. The company was initiated on Friday, June 10 by Piper Jaffray. The firm has “Sector Perform” rating given on Friday, July 22 by RBC Capital Markets. On Tuesday, November 22 the stock rating was initiated by Berenberg with “Sell”. Credit Suisse upgraded General Motors Company (NYSE:GM) on Friday, July 24 to “Neutral” rating. Citigroup maintained the stock with “Buy” rating in Wednesday, September 2 report. On Monday, September 21 the stock rating was maintained by Barclays Capital with “Hold”. Nomura initiated General Motors Company (NYSE:GM) on Tuesday, September 20 with “Neutral” rating.
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 increased to 1.14 in Q2 2016. Its up 0.05, from 1.09 in 2016Q1. The ratio improved, 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.
Commonwealth Financial Ser Lc holds 1,765 shares or 0.06% of its portfolio. New Mexico Educational Retirement Board holds 0.21% of its portfolio in General Motors Company (NYSE:GM) for 163,300 shares. Lba Wealth Limited Liability Company, a Florida-based fund reported 1,050 shares. Telemus Capital owns 46,767 shares or 0.16% of their US portfolio. Berson Corrado Invest Ltd Co accumulated 0.97% or 53,005 shares. Scotia Cap has invested 0.11% of its portfolio in General Motors Company (NYSE:GM). The Manitoba – Canada-based Ig Inv Management has invested 0.01% in General Motors Company (NYSE:GM). Huntington Bancshares has 0% invested in the company for 385 shares. Ajo L P last reported 4.60M shares in the company. Bb&T Corporation holds 0.18% or 309,694 shares in its portfolio. Parametric Portfolio Associates holds 4.86 million shares or 0.22% of its portfolio. National Asset Mgmt Incorporated accumulated 0.08% or 14,902 shares. Ssi Inv Management has 0.03% invested in the company for 9,189 shares. Babson Capital Mgmt Llc last reported 0.08% of its portfolio in the stock. Robeco Institutional Asset Bv holds 0.03% of its portfolio in General Motors Company (NYSE:GM) for 161,229 shares.
More news for General Motors Company (NYSE:GM) were recently published by: Seekingalpha.com, which released: “General Motors higher after U.S. sales beat estimates” on December 01, 2016. Fortune.com‘s article titled: “General Motors to Lay Off 2000 Employees in Ohio and Michigan” and published on November 09, 2016 is yet another important article.
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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