In the latest trading session, 6.7 million General Motors Company (NYSE:GM) shares changed hands as the company’s beta touched 1.44. With the company’s most recent per share price at $49.22 changing hands around $2.51 or 5.37% at last look, the market valuation stands at $48.97B. GM’s current price is a discount, trading about -24.42% off its 52-week high of $61.24. The share price had its 52-week low at $38.94, which suggests the last value was 20.89% up since then.
Analysts gave the General Motors Company (GM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.03. If we narrow down to specifics, the data shows that 3 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended GM as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. General Motors Company’s EPS for the current quarter is expected to be 2.62.
General Motors Company (NYSE:GM) trade information
Instantly GM is in green as seen in intraday trades today. With action 2.97%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -7.60%, with the 5-day performance at 2.97% in the green. However, in the 30-day time frame, General Motors Company (NYSE:GM) is -10.38% down.
The consensus price target for the stock as assigned by Wall Street analysts is 55, meaning bulls need an upside of 10.51% from its recent market value. According to analyst projections, GM’s forecast low is 52 with 85 as the target high. To hit the forecast high, the stock’s price needs a -72.69% plunge from its current level, while the stock would need to soar -5.65% for it to hit the projected low.
General Motors Company (GM) estimates and forecasts
Year-over-year growth is forecast to reach -2.68% down from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 43.17B. 10 analysts are of the opinion that General Motors Company’s revenue for the current quarter will be 46.88B. The company’s revenue for the corresponding quarters a year ago was 43.01B and 47.97B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.36%. The estimates for the next quarter sales put growth at -2.26%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.84%. The 2025 estimates are for General Motors Company earnings to increase by 6.50%, but the outlook for the next 5-year period is at 7.34% per year.
GM Dividends
General Motors Company is expected to release its next quarterly earnings report in March. The 0.98% annual yield figure for the share gives it an annual dividend of 0.48. It is important to note, however, that the 0.98% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
General Motors Company (NYSE:GM)’s Major holders
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.2304% or 95.06 million shares worth $4.42 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 35.66 shares estimated at $1.74 billion under it, the former controlled 3.58% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.96% of the shares, roughly 29.44 shares worth around $1.44 billion.
