Tomorrow Is Not Likely To Be Same For General Motors Company (GM)


    SSgA Funds Management, Inc. has recently announced that it has increased stake in General Motors Company (NYSE:GM) by 0.28%. After grabbing 57.46 million shares, the institutional investor is now in possession of 0.16 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.01% having worth around $1.43 billion. Moreover, Capital Research & Management Co.. increased its share by 9.43 million to have a control over 47.99 million shares. And Hotchkis & Wiley Capital Manageme.. raised its holdings to 0.47 million shares by acquiring 20.04 million shares or 1.40% of the stake.

    General Motors Company (GM) concluded trading on 08/27/20 at a closing price of $29.69, with 8.43 million shares of worth about $250.39 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 2.98% during that period and on Thursday the price saw a gain of about 0.71%. Currently the company’s common shares owned by public are about 1.43B shares, out of which, 1.33B shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the GM stock and their offered price forecasts bring an average price target of $37.81. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $60.00 and could fall to a lowest price of $27.00. Analysts also issued an outlook of 1.90 for the General Motors Company stock for next 12 months. The stock’s current price level is 24.36% above of average price target set by the analysts, while a rise to estimated low would result in loss of -9.96 for the stock. However, touching the estimated high of $60.00 would mean a gain of 50.52% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 28 times over the past 12 months. They bought 1,100,128 shares in 16 of the transactions. In 12 selling transactions, insiders dumped 487,835 shares.

    Vanguard Total Stock Market Index, Washington Mutual Investors Fund, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in General Motors Company Vanguard Total Stock Market Index is currently holding 36.65 million shares of worth totaling $912.29 million. The company recently came selling 55428.0 shares which brought its stake up to 2.56% of the company’s outstanding shares. Vanguard 500 Index Fund, after selling 25.97 million shares, have now control over 1.82% of the stake in the company. It holds -0.16 million shares of worth $646.42 million.

    General Motors Company (NYSE: GM) started trading at $29.60, above $0.12 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $29.69, or with a gain of 0.71%. Stock saw a price change of 2.98% in past 5 days and over the past one month there was a price change of 14.68%. Year-to-date (YTD), GM shares are showing a performance of -18.88% which decreased to -18.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.32 but also hit the highest price of $39.78 during that period. While comparing its average daily trading volume of 14.66 million shares, we see that about 8.43 million changed hands on the day. The stock is currently trading 6.59% above its 20-day simple moving average (SMA20), while that difference is up 11.62% for SMA50 and it goes to 2.98% higher than SMA200.

    SSgA Funds Management, Inc. acquired 57.46 million shares of General Motors Company having value of about $1.43 billion. Data submitted at the U.S SEC by SSgA Funds Management, Inc. revealed that the firm now holds 0.16 million shares in the company valued at close to $4844606.37, or have control over 0.28% stake in the company. General Motors Company (NYSE: GM) currently have 1.43B outstanding shares and institutions hold larger chunk of about 79.30% of that. Holding of mutual funds in the company is about 37.61% while other institutional holders and individual stake holders have control over 41.62% and 15.02% of the stake respectively.

    The stock has a current market capitalization of $42.89B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 28.28, while it has posted earnings per share of $1.05 in the same period. Its PEG reads 85.69 and has Quick Ratio of 1.00 while making debt-to-equity ratio of 3.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GM, volatility over the week remained 3.41% while standing at 3.55% over the month.

    Analysts are in expectations that General Motors Company (GM) stock would likely to be making an EPS of $1.26 in the current quarter, while forecast for next quarter ESPS is $1.08 and it is $4.38 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.7 which is $1.59 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.72 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -15.90% while it is estimated to increase by 84.86% in next year. EPS is likely to shrink at an annualized rate of 0.33% for next 5-years, compared to annual growth of 22.40% made by the stock over the past 5-years.

    Analysts at 18 brokerage firms have issued recommendations for the General Motors Company (GM)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 18 Wall Street analysts, 13 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on June 12, 2020 offering a Buy rating for the stock and assigned a target price of to it. Coverage by Deutsche Bank stated General Motors Company (GM) stock as a Buy in their note to investors on May 07, 2020, suggesting a price target of $30 for the stock. On April 15, 2020, Goldman Initiated their recommendations, while on April 07, 2020, Deutsche Bank Downgrade their ratings for the stock with a price target of $25. Stock get a Buy rating from The Benchmark Company on January 09, 2020.


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