General Motors Company (GM) : The consensus on General Motors Company (GM) based on 16 analyst recommendation on the company stock is 2.06, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
General Motors Company (GM) : Average target price received by General Motors Company (GM) is $38 with an expected standard deviation of $5.84. The most aggressive target on the stock is $50, whereas the most downbeat target is $29. 14 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. General Motors Company (NYSE:GM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.43 and $31.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.75, notching a gain of 1.60% for the day. The total traded volume was 13,210,802 . The stock had closed at $31.25 on the previous day.
In a related news, Mendillo Jane L, director of General Motors Co, executed a transaction worth $49,616 on August 2, 2016. A total of 1,600 shares were purchased at an average price of $31.01. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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 Companys 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.