General Motors Company (GM) is Upgraded by Morgan Stanley to Overweight, Raises Price Target to $ 37

General Motors Company (GM) was Upgraded by Morgan Stanley to ” Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 37 from a previous price target of $29 . Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Sep 19, 2016.

Many Wall Street Analysts have commented on General Motors Company. Company shares were Upgraded by Morgan Stanley on Sep 19, 2016 to ” Overweight”, Firm has raised the Price Target to $ 37 from a previous price target of $29 .General Motors Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016. Jefferies Initiated General Motors Company on Aug 9, 2016 to “Hold”, Price Target of the shares are set at $33.

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 closed down -0.15 points or -0.48% at $30.97 with 12,780,811 shares getting traded on Friday. Post opening the session at $31.13, the shares hit an intraday low of $30.605 and an intraday high of $31.13 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 25, 2016, Thomas S Timko (Vice President & Controller) sold 6,250 shares at $31.94 per share price. According to the SEC, on Aug 4, 2016, Jane L Mendillo (director) purchased 1,600 shares at $31.01 per share price. On Jun 1, 2016, James B. Deluca (Executive Vice President) sold 10,374 shares at $31.48 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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