General Motors Company (GM) is Initiated by Piper Jaffray to Overweight, Price Target at $41

General Motors Company (GM) was Initiated by Piper Jaffray to “Overweight” and the brokerage firm has set the Price Target at $41. Piper Jaffray advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on General Motors Company. Company shares were Upgraded by Morgan Stanley on May 6, 2016 to ” Equal-Weight”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $30 .

On the company’s financial health, General Motors Company reported $1.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.00. The company had revenue of $37300.00 million for the quarter, compared to analysts expectations of $34546.85 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

General Motors Company closed down -0.21 points or -0.71% at $29.36 with 1,19,07,469 shares getting traded on Thursday. Post opening the session at $29.48, the shares hit an intraday low of $29.155 and an intraday high of $29.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 1, 2016, James B. Deluca (Executive Vice President) sold 10,374 shares at $31.48 per share price. According to the SEC, on Feb 19, 2016, Karl-thomas Neumann (Executive Vice President) sold 1,379 shares at $27.23 per share price. On Dec 3, 2015, Daniel Ammann (President) sold 25,000 shares at $36.06 per share price, according to the Form-4 filing with the securities and exchange commission.

General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company Inc. (GM Financial). The Company’s four automotive segments include GM North America (GMNA) GM Europe (GME) GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers including daily rental car companies commercial fleet customers leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline E85 ethanol or any combination of the two.

General Motors Company

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