Does General Motors Company (NYSE:GM) have deteriorating prospects?

General Motors Company (NYSE:GM) shares traded -2.56% lower at $31.54 on Wall Street last session.

In accordance with the data, 24 analysts cover General Motors Company (NYSE:GM). The consensus rating among analysts is ‘Overweight’. GM stock price is now -8.89% away from the 50-day moving average and -14.85% away from the 200-day moving average. The market capitalization of the company currently stands at $44.82B.

It has been rated a hold by 9 analysts and a buy by 14.

With the price target enhanced from $35 to $38, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for General Motors Company (NYSE: GM). On April 19, 2023, Deutsche Bank reiterated its ‘Hold’ rating on the stock by increasing its target price from $36 to quote $37, while ‘Mizuho’ rates the stock as ‘Neutral’.

In other news, Johnson Gerald, Executive Vice President sold 15,743 shares of the company’s stock on Feb 09. The stock was sold for $671,439 at an average price of $42.65. Upon completion of the transaction, the Executive Vice President now directly owns 71,209 shares in the company, valued at $2.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02, Executive Vice President Carlisle Stephen K. sold 18,000 shares of the business’s stock. A total of $755,460 was realized by selling the stock at an average price of $41.97. This leaves the insider owning 46,170 shares of the company worth $1.46 million. Insiders disposed of 560,345 shares of company stock worth roughly $17.67 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in GM stock. A new stake in General Motors Company shares was purchased by HUDSON BAY CAPITAL MANAGEMENT LP during the first quarter worth $79,481,000. CLARK CAPITAL MANAGEMENT GROUP, INC. invested $24,388,000 in shares of GM during the first quarter. In the first quarter, J. GOLDMAN & CO LP acquired a new stake in General Motors Company valued at approximately $19,828,000. TCW GROUP INC acquired a new stake in GM for approximately $11,096,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. purchased a new stake in GM valued at around $9,698,000 in the second quarter. In total, there are 1,668 active investors with 82.80% ownership of the company’s stock.

General Motors Company (NYSE: GM) opened at $32.06 on Tuesday. During the past 12 months, General Motors Company has had a low of $30.33 and a high of $43.63. As of last week, the company has a debt-to-equity ratio of 1.64, a current ratio of 1.10, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $130.27B, which is based on a 4.87 price-to-earnings ratio, a 0.31 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for GM is $34.44 and a two-hundred day moving average price translates $37.02 for the stock.

The latest earnings results from General Motors Company (NYSE: GM) was released for Mar, 2023. According to the Auto Manufacturers Company, earnings per share came in at $2.21, beating analysts’ expectations of $1.73 by 0.48. This compares to $1.91 EPS in the same period last year. The net profit margin was 5.80% and return on equity was 13.90% for GM. The company reported revenue of $39.98 billion for the quarter, compared to $35.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.13 percent. For the current quarter, analysts expect GM to generate $41.87B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 06/02/2023 were paid a $0.09 dividend. On an annualized basis, this represents a $0.36 dividend and a 1.14% percent yield. There was an ex-dividend date of 06/01/2023 for this dividend. In terms of dividend payout ratio, GM is presently at 4.20%.

General Motors Company(GM) Company Profile

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. The company also sells trucks, crossovers, cars, and automobile parts through retail dealers, and distributors and dealers, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers range of after-sale services through dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories, and extended service warranties; and safety and security services for retail and fleet customers, including automatic crash response, emergency services, roadside assistance, crisis assist, stolen vehicle assistance, and turn-by-turn navigation. Further, the company provides connected services comprising mobile applications for owners to remotely control their vehicles and electric vehicle owners to locate charging stations, on-demand vehicle diagnostics, GM Smart Driver, Amazon Alexa in-vehicle voice, Google’s Voice Assistant, navigation and app ecosystem, connected navigation, SiriusXM with 360L, and 4G LTE wireless connectivity. Additionally, the company provides automotive financing and insurance services; and software-enabled services and subscriptions. General Motors Company was founded in 1908 and is headquartered in Detroit, Michigan.