General Motors Co is a auto company located in Michigan, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker GM on the NYSE exchange.
General Motors Co stock last closed at $41.13, down 0.89% from the previous day, and has decreased 22.56% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.04 percentage points. General Motors Co stock is currently +35.61% from its 52-week low of $30.33, and -20.9% from its 52-week high of $52.00.
At the moment, there are 1.39B shares of GM outstanding. The market capitalization of GM is $57.36B. In the last 24 hours, 18.56M GM shares were traded.
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Once you have figured out the best place to buy General Motors Co stock, it's crucial to analyze their stock prior to investing, so you actually comprehend the risk as well as the opportunity.
WallStreetZen was designed to help part-time investors do better fundamental analysis in less time.
You can see all of the due diligence checks on GM's stock page.
You can use many financial metrics, analyses, models, and charts to gauge GM's intrinsic value.
Using relative valuations metrics:
You can access more valuation analysis on GM's stock here.
Out of 14 sell side analysts who give ratings on GM, the consensus analyst rating on GM is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Itay Michaeli, a bottom 12% analyst from Citigroup maintains GM with a strong buy rating and raises their GM price target from $81.00 to $82.00, on Feb 2, 2023.
Michaeli raised his price target on General Motors Company by 1.2% following the release of the company's Q4 and FY 2022 earnings report on 2023/01/31.
The shares' risk/reward setup is "far better" this year than in previous years thanks to the company's "strong" results and guidance, the analyst told investors.
All in all, General Motors "remains one of his top picks," Michaeli concluded, citing the company's "outstanding results relative to peers and other sectors," and management's new net savings guidance indicating "far better cost control than many expected."
General Motors reported:
For Q4 2022:
For FY 2022:
For FY 2023:
Management commented, “We expect our momentum will help us deliver strong results once again in FY 2023.
“In fact, we have all the essential ingredients to deliver adjusted EBIT of $10.5B to $12.5B thanks to our strong operating performance.
“2023 will also be a breakout year for the Ultium Platform. By leveraging U.S.-made battery cells produced by our Ultium Cells joint venture and the scalability and flexibility of the Ultium Platform, we are accelerating production of the Cadillac LYRIQ, GMC HUMMER EV, and BrightDrop Zevo 600, and we will launch exciting vehicles like the Chevrolet Silverado EV, Blazer EV, and Equinox EV. This keeps us on track to produce 400,000 EVs in North America from 2022 through 1H 2023.
“We’re moving closer to a world with zero crashes, zero emissions, and zero congestion, and we believe our R&D, supply chain, manufacturing scale, and distribution network will unlock the profitability of EVs.”
John Murphy, a top 15% analyst from Bank of America maintains GM with a strong buy rating and lowers their GM price target from $80.00 to $70.00, on Feb 1, 2023.
Adam Jonas, a top 33% analyst from Morgan Stanley maintains GM with a hold rating and raises their GM price target from $32.00 to $35.00, on Feb 1, 2023.
Adrian Yanoshik, a bottom 30% analyst from Berenberg downgrades GM to a hold rating and lowers their GM price target from $45.00 to $41.00, on Jan 30, 2023.
Ryan Brinkman, a top 17% analyst from JP Morgan maintains GM with a strong buy rating and lowers their GM price target from $59.00 to $57.00, on Jan 25, 2023.
You can dig deeper into what analysts are forecasting on the General Motors Co stock forecast page.
Last year, GM earnings were $8.92B. Over the last four year, GM's earnings have increased by 2.41% per year. This was slower than the Auto Manufacturers industry average of 156.26%.
Last year, GM revenue was $156.74B. Over the past 5 year, GM's revenue has gone up by 1.49% per year. This was slower than the Auto Manufacturers industry average of 1,814.15%.
Find out more about GM's earnings and revenue performance here.
Over the last year, insiders at GM have sold more shares than they have bought.
Stephen K. Carlisle, Executive Vice President of GM, was the latest GM insider to sell. They sold $755,460.00 worth of GM shares on Feb 2, 2023.
Research more about who owns GM shares here.
General Motors Co pays a dividend of 0.44%, compared to the Auto Manufacturers industry's average dividend yield of 2.72%. If you owned $1,000 worth of GM stock, you would have been paid $4.38 in the past 12 months.
General Motors Co dividend payments have not consistently grown over the past 9 years and have not remained stable.
Dig into more data about General Motors Co dividend yield and history here.
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Now that you own some shares in GM, you'll want to keep up with your shares.
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To summarize, here are the 6 steps to buy stock in General Motors Co:
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