There’s Something Awry at General Motors Company (NYSE:GM) Since Share Price Gets Ahead of Fundamentals

General Motors Company (NYSE:GM) shares traded -1.48% lower at $29.22 on Wall Street last session.

In accordance with the data, 25 analysts cover General Motors Company (NYSE:GM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $90.00 and a low of $29.00, we find $43.00. Given the previous closing price of $29.66, this indicates a potential upside of 44.98 percent. GM stock price is now -9.80% away from the 50-day moving average and -17.88% away from the 200-day moving average. The market capitalization of the company currently stands at $40.20B.

It has been rated a hold by 9 analysts and a buy by 14. Brokers who have rated the stock have averaged $47.02 as their price target over the next twelve months.

With the price target enhanced from $41 to $44, UBS Upgraded its rating from Neutral to Buy for General Motors Company (NYSE: GM).

In other news, Reuss Mark L, President sold 9,300 shares of the company’s stock on Jul 13. The stock was sold for $381,300 at an average price of $41.00. Upon completion of the transaction, the President now directly owns 282,973 shares in the company, valued at $8.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19, Executive Vice President & CFO Jacobson Paul A bought 31,000 shares of the business’s stock. A total of $1,010,600 was incurred on buying the stock at an average price of $32.60. This leaves the insider owning 186,847 shares of the company worth $5.46 million. Insiders disposed of 536,390 shares of company stock worth roughly $15.67 million over the past 1 year. A total of 0.22% 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 ADAGE CAPITAL PARTNERS GP, L.L.C. during the first quarter worth $33,227,000. AUSTRALIANSUPER PTY LTD invested $26,298,000 in shares of GM during the first quarter. In the first quarter, CLEAR STREET LLC acquired a new stake in General Motors Company valued at approximately $20,454,000. OPTIVER HOLDING B.V. acquired a new stake in GM for approximately $15,454,000. SOROS FUND MANAGEMENT LLC purchased a new stake in GM valued at around $13,143,000 in the second quarter.

General Motors Company (NYSE: GM) opened at $29.33 on Monday. During the past 12 months, General Motors Company has had a low of $29.06 and a high of $43.63. As of last week, the company has a debt-to-equity ratio of 1.65, a current ratio of 1.15, and a quick ratio of 0.96. According to the stock market information, the enterprise value for the company is $126.22B, which is based on a 4.08 price-to-earnings ratio, a 0.86 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for GM is $32.30 and a two-hundred day moving average price translates $35.55 for the stock.

The latest earnings results from General Motors Company (NYSE: GM) was released for Jun, 2023. According to the Auto Manufacturers Company, earnings per share came in at $1.91, beating analysts’ expectations of $1.85 by 0.06. This compares to $1.12 EPS in the same period last year. The net profit margin was 5.99% and return on equity was 15.14% for GM. The company reported revenue of $44.75 billion for the quarter, compared to $35.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.13 percent. For the current quarter, analysts expect GM to generate $43.68B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 09/14/2023. Investors who held shares on 09/01/2023 were paid a $0.09 dividend. On an annualized basis, this represents a $0.44 dividend and a 1.51% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, GM is presently at 2.94%.

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.