World news – General Motors (NYSE: GM) expects fiscal 2020 earnings of $ 5.25 per share

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General Motors (NYSE: GM) (TSE: GMM.U) – The Jefferies Financial Group has it all rolled into one Research report released on Wednesday, January 27, raised its earnings per share (EPS) estimate for fiscal 2020 for shares of General Motors. Jefferies Financial Group analyst P. Houchois now expects the automaker to post an annual profit of $ 5.25, compared to its previous forecast of $ 4.98. General Motors (NYSE: GM) (TSE: GMM.U) last released its quarterly earnings data on Thursday, November 5th. The automaker reported earnings per share of $ 2.83 for the quarter, beating Thomson Reuters’ estimated earnings estimate of $ 1.47 by $ 1.36. General Motors achieved a return on equity of 9.78% and a net margin of 2.92%. The company had revenue of $ 35.48 billion for the quarter, compared to the consensus estimate of $ 35.35 billion. For the same quarter last year, the company posted earnings of $ 1.72 per share. The company’s quarterly sales increased 0.0% year over year.

Other equity analysts recently released reports on the company. Benchmark raised its target price for General Motors from USD 47.00 to USD 51.00 and gave the stock a « Buy » rating in a research note on December 21st. Nomura Instinet upgraded General Motors from a « neutral » rating to a « buy » rating in a report on Wednesday, January 13, and raised its price target for the company from $ 27.00 to $ 60.00. JPMorgan Chase & Co. raised its target price for General Motors from $ 44.00 to $ 46.00 and rated the stock as overweight in a report on Friday, November 6th. On Monday, December 7th, the Credit Suisse Group reassigned a « Buy » rating in a research report and set a price target of USD 56.00 for General Motors shares. Finally, the Royal Bank of Canada raised its price target for shares in General Motors from USD 44.00 to USD 49.00 and rated the shares as « Outperform » in a research note on Friday, November 6th. One investment analyst has given the stock a sell rating, one has given it a hold rating, 16 has given a buy rating, and one has given the company’s stock a strong buy rating. The stock has an average Buy rating and a consensus target of $ 50.53 (adsbygoogle = window.adsbygoogle || []). Push ({});

NYSE GM opened at $ 49.34 on Thursday. The stock has a market cap of $ 70.62 billion, a P / E of 22.13, a price to earnings ratio of 0.85, and a beta of 1.42. The company has a leverage ratio of 1.70, a fast rate of 0.97, and a current rate of 1.11. The stock has a 50-day simple moving average of $ 45.17 and a two-hundred-day simple moving average of $ 35.91. General Motors has a fifty-two-week low of $ 14.32 and a fifty-two-week high of $ 56.97.

A number of institutional investors recently bought and sold GM stock. Advisor Partners LLC added 6.1% to its position in General Motors shares in the third quarter. Advisor Partners LLC now owns 35,179 shares in the automaker, valued at $ 1,041,000, after acquiring an additional 2,033 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in General Motors by 11.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 228,273 shares in the automaker, valued at $ 6,754,000, after purchasing an additional 22,628 shares last quarter. IFM Investors Pty Ltd increased its position in General Motors by 17.6% in the fourth quarter. IFM Investors Pty Ltd now owns 124,117 shares in the automaker, valued at $ 5,168,000, after purchasing an additional 18,603 shares during the reporting period. Capital Investment Advisors LLC increased its position in General Motors stocks 2.9% in the fourth quarter. Capital Investment Advisors LLC now owns 7,361 shares in the automaker, valued at $ 306,000, after purchasing an additional 207 shares last quarter. Finally, Sowell Financial Services LLC increased its position in General Motors stocks by 1.7% in the fourth quarter. Sowell Financial Services LLC now owns 13,962 shares in the automaker, valued at $ 581,000, after purchasing an additional 229 shares last quarter. Institutional investors hold 77.70% of the company’s shares.

In other news, CAO Christopher Hatto sold 52,549 shares in the company in a transaction dated Monday, November 23. The stock was sold at an average price of $ 45.00 for a total value of $ 2,364,705.00. Following the transaction, the chief accounting officer now directly owns 45,962 shares in the company valued at $ 2,068,290. The sale was disclosed in a document filed with the Securities & Exchange Commission and available through this hyperlink. In addition, CEO Mary T. Barra sold 500,000 shares in the company on Wednesday, November 11th. The shares were sold at an average price of $ 40.69 for a total value of $ 20,345,000.00. Following the transaction, the Chief Executive Officer now directly owns 1,808,329 shares in the company valued at approximately $ 73,580,907.01. The disclosure for this sale can be found here. Insiders have sold a total of 1,946,153 shares in the company for $ 84,345,996 in the past 90 days. Currently, 0.65% of the shares are owned by insiders.

General Motors Company designs, builds, and sells automobiles, trucks, crossovers, and auto parts worldwide. The company operates in the GM North America, GM International, Cruise and GM Financial segments. The company primarily markets its vehicles under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names.

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