General Motors Company (GM) is Initiated by Berenberg to Sell

General Motors Company (GM) was Initiated by Berenberg to “Sell”. Berenberg advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on General Motors Company. General Motors Company was Downgraded by BofA/Merrill to ” Neutral” on Oct 26, 2016. Nomura Initiated General Motors Company on Sep 20, 2016 to “Neutral”, Price Target of the shares are set at $33.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 .

On the company’s financial health, General Motors Company reported $1.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $1.45. The company had revenue of $42825.00 million for the quarter, compared to analysts expectations of $37478.94 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.

General Motors Company closed down -0.42 points or -1.26% at $33 with 86,17,196 shares getting traded on Monday. Post opening the session at $33.4, the shares hit an intraday low of $32.96 and an intraday high of $33.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Investors should note that on Oct 24, 2016, General Motors Company announced a cash dividend of $0.3800. The company’s management has announced Dec 5, 2016 as the ex-dividend date and fixed the record date on Dec 7, 2016. The payable date has been fixed on Dec 22, 2016.

In a different news, on Nov 16, 2016, Thomas S Timko (Vice President & Controller) sold 8,035 shares at $34.24 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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General Motors Company - Is it time to Sell?

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