General Motors Company (GM) is Initiated by Seaport Global Securities to Buy

General Motors Company (GM) was Initiated by Seaport Global Securities to “Buy”. Seaport Global Securities advised their investors in a research report released on Aug 9, 2016.

Many Wall Street Analysts have commented on General Motors Company. Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Piper Jaffray Initiated General Motors Company on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $41.

On the company’s financial health, General Motors Company reported $1.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.51. The company had revenue of $42400.00 million for the quarter, compared to analysts expectations of $37319.22 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

General Motors Company opened for trading at $30.92 and hit $31.06 on the upside on Monday, eventually ending the session at $30.88, with a gain of 0.26% or 0.08 points. The heightened volatility saw the trading volume jump to 1,04,70,883 shares. Company has a market cap of $48,232 M.

Investors should note that on Jul 20, 2016, General Motors Company announced a cash dividend of $0.3800. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 23, 2016.

In a different news, on Aug 4, 2016, Jane L Mendillo (director) purchased 1,600 shares at $31.01 per share price. According to the SEC, on Jun 1, 2016, James B. Deluca (Executive Vice President) sold 10,374 shares at $31.48 per share price. On Feb 19, 2016, Karl-thomas Neumann (Executive Vice President) sold 1,379 shares at $27.23 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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