General Motors Company (NYSE:GM) stock is presently standing at about $37.35 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 21 analysts covering the company is $37.00, which suggests the stock could still rise over -1 percent. The highest analyst price target is $50.00, which implies a rally of 66 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 3 rate GM a strong buy. There are 12 equity research firms advocating a Hold and 0 consider it Sell.
Macquarie analysts provided their view on General Motors Company (NYSE:GM) recently. The rating firm issued a Outperform rating to this company in a research note released on Dec 01, 2016. Berenberg analysts disclosed their opinion on General Motors Company (NYSE:GM) recently. The rating firm gave a Sell rating to this stock in a research note published on Nov 22, 2016. According to a research note disclosed on Oct 26, 2016, analysts at BofA/Merrill have lowered their rating on these shares from Buy to Neutral.
General Motors Company (NYSE:GM) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its President Ammann Daniel sold 10,000 company shares for $370000, in a transaction on 2016-12-09. Following the transaction, the President is left with a stake of 370 shares, currently valued at $13820. Meanwhile, Executive Vice President Jacoby Stefan sold 2,490 shares worth $90000.06, through a transaction dated 2016-12-08. Following the completion of the transaction, the insider is left with a stake of 18,770 shares, amounting $701059.5. GM President Ammann Daniel also sold 10,000 shares, at a stock price of $35. This transaction occurred on 2016-12-01 totals $350000. After this transaction, the insider’s stake stands at 163,850 shares, with a market value of $6119798.
Executives hold 0.12 percent of the stock. Mr. Daniel F. Akerson is one of the biggest insider owners in General Motors Company (NYSE:GM), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 300,839 shares which have current market value of around $11236336.65.Thomas G. Stephens is another major inside shareholder in the company. The insider owns 210,354 shares as of less than 0.1%, currently worth $7856721.9. Mr. Daniel Ammann is ranked as third insider holder of the stock. This insider holds 153,850 shares with a market value around $5746297.5 as of recent close.
General Motors Company (NYSE:GM) Earnings Outlook
In General Motors Company (NYSE:GM)’s latest quarter, EPS moved to $1.72 from $1.86 in preceding quarter and revenues reached at $42,825.00M compared to $42,372.00M. Analysts had expected General Motors Company (NYSE:GM) to post net income of about $1.45 per share on $39,292.70M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $1.23 to $2.14. That is compared with the $1.39 in EPS it reported during the same period a year ago.