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 $44.59, up 1.34% from the previous day, and has increased 29.43% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.97 percentage points. General Motors Co stock is currently +69.54% from its 52-week low of $26.30, and -0.49% from its 52-week high of $44.81.
At the moment, there are 1.15B shares of GM outstanding. The market capitalization of GM is $51.48B. In the last 24 hours, 22.13M 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 do additional valuation research on GM's stock here.
Out of 15 Wall Street analysts who research GM, the consensus analyst rating on General Motors Co is a Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Colin Langan, a bottom 2% analyst from Wells Fargo maintains GM with a strong sell rating and raises their GM price target from $27.00 to $28.00, on Jan 31, 2024.
Wells Fargo's Colin Langan raised their price target on General Motors Co (NYSE: GM) by 3.7% from $27 to $28 on 2024/01/31. The analyst maintained their Strong Sell rating on the stock.
Management's stronger-than-expected guidance, which "may face risks from mix, volume, and cost," drove the price of the stock up 8% post-print, the analyst noted after reviewing General Motors' Q4 and FY 2023 earnings report, released on 2024/01/30.
The company's strategic pivot away from EV and AV (Autonomous Vehicles) should strengthen FY 2024 profitability but risks long-term targets, Langan cautioned.
General Motors reported:
For Q4 2023:
For FY 2023:
Management guided for FY 2024:
Chair & CEO Mary Barra commented: “As we begin 2024, I believe GM is well positioned for a year of strong financial performance that will build on everything we accomplished — and learned — in 2023.
“Consensus is growing that the U.S. economy, the job market and auto sales will continue to be resilient, and at GM, we expect healthy industry sales of about 16M units with the mix of EVs continuing to grow.
“As we look ahead, our priorities and commitments are clear. They are to maximize the opportunities we have with our winning ICE portfolio with new models like the 2024 Chevrolet Traverse and 2025 Chevrolet Equinox; grow our EV business profitably; deliver strong margins and cash flow; and refocus and relaunch Cruise.
“To summarize, we learned a lot in 2023, and those learnings are helping us build on our strengths, address our challenges, and create an even stronger GM with a growing and profitable EV business.”
Daniel Ives, a top 5% analyst from Wedbush maintains GM with a buy rating and raises their GM price target from $40.00 to $45.00, on Jan 31, 2024.
Dan Levy, a top 44% analyst from Barclays maintains GM with a strong buy rating and raises their GM price target from $37.00 to $44.00, on Jan 24, 2024.
Adrian Yanoshik, a bottom 17% analyst from Redburn Atlantic initiates coverage on GM with a hold rating and announces their GM price target of $40.00, on Jan 24, 2024.
Itay Michaeli, a bottom 1% analyst from Citigroup maintains GM with a strong buy rating and raises their GM price target from $90.00 to $95.00, on Dec 4, 2023.
You can dig deeper into what analysts are projecting on the General Motors Co stock forecast page.
Last year, GM earnings were $10.02B. In the past five year, GM's earnings have gone up by 5.55% per year. This was slower than the Auto Manufacturers industry average of 116.28%.
Last year, GM revenue was $171.84B. During the past 5 year, GM's revenue has grown by 3.17% per year. This was slower than the Auto Manufacturers industry average of 35.09%.
Find out more about GM's earnings and revenue performance here.
Over the last year, executives and large shareholders at GM have sold more shares than they have bought.
Rory Harvey, Executive Vice President of GM, was the latest GM insider to sell. They sold $219,504.00 worth of GM stock on Mar 21, 2024.
Dig into more about who owns GM stock here.
General Motors Co pays a dividend of 0.87%, compared to the Auto Manufacturers industry's average dividend yield of 3.11%. If you owned $1,000 worth of GM stock, you would have been paid $8.75 in the past year.
General Motors Co dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about General Motors Co dividend yield and history here.
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