General Motors Company (GM) was Upgraded by Morgan Stanley to ” Equal-Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 29 from a previous price target of $28 . Earlier the firm had a rating of “Underweight ” on the company shares. Morgan Stanley advised their investors in a research report released on May 6, 2016.
Many Wall Street Analysts have commented on General Motors Company. 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 .General Motors Company was Downgraded by Argus to ” Hold” on Feb 29, 2016. Morgan Stanley Resumed General Motors Company on Feb 24, 2016 to “Underweight”, Price Target of the shares are set at $26.
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 -0.66 points or -2.11% at $30.59 with 1,37,12,655 shares getting traded on Wednesday. Post opening the session at $31, the shares hit an intraday low of $30.42 and an intraday high of $31.085 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 19, 2016, Karl-thomas Neumann (Executive Vice President) sold 1,379 shares at $27.23 per share price. According to the SEC, on Dec 3, 2015, Daniel Ammann (President) sold 25,000 shares at $36.06 per share price. On Nov 24, 2015, James B. Deluca (Executive Vice President) sold 10,153 shares at $36.10 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.