Deutsche Bank Aktiengesellschaft Upgrades General Motors (NYSE:GM) to Buy

Deutsche Bank Aktiengesellschaft upgraded shares of General Motors (NYSE:GM) (TSE:GMM.U) from a hold rating to a buy rating in a report published on Tuesday, MarketBeat.com reports. The firm currently has $60.00 price target on the auto manufacturer’s stock, up from their previous price target of $56.00.

Other equities analysts have also issued reports about the stock. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Sanford C. Bernstein raised their target price on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their price target on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Barclays boosted their price objective on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $46.00 to $54.00 in a research note on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, General Motors has a consensus rating of “Hold” and a consensus target price of $60.05.

General Motors Stock Up 3.0 %

GM stock opened at $54.32 on Tuesday. The company has a market capitalization of $59.73 billion, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 0.39 and a beta of 1.42. General Motors has a 12 month low of $34.56 and a 12 month high of $61.24. The firm’s fifty day simple moving average is $53.30 and its 200-day simple moving average is $49.76. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. The firm had revenue of $48.76 billion for the quarter, compared to the consensus estimate of $44.67 billion. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.28 earnings per share. As a group, equities research analysts forecast that General Motors will post 10.34 earnings per share for the current year.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 8,919 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of General Motors stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at approximately $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 514,344 shares of company stock worth $28,977,691 over the last quarter. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On General Motors

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP increased its position in shares of General Motors by 2.3% during the third quarter. Allworth Financial LP now owns 9,184 shares of the auto manufacturer’s stock worth $412,000 after acquiring an additional 205 shares during the period. Avestar Capital LLC grew its stake in General Motors by 2.3% during the 3rd quarter. Avestar Capital LLC now owns 9,592 shares of the auto manufacturer’s stock worth $430,000 after purchasing an additional 213 shares in the last quarter. Continuum Advisory LLC increased its holdings in General Motors by 7.9% during the 3rd quarter. Continuum Advisory LLC now owns 2,925 shares of the auto manufacturer’s stock worth $131,000 after purchasing an additional 213 shares during the period. Metis Global Partners LLC raised its position in General Motors by 0.6% in the 3rd quarter. Metis Global Partners LLC now owns 36,240 shares of the auto manufacturer’s stock valued at $1,625,000 after purchasing an additional 230 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its stake in shares of General Motors by 2.1% in the 2nd quarter. Centaurus Financial Inc. now owns 11,628 shares of the auto manufacturer’s stock valued at $540,000 after buying an additional 238 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.