GM shares rise on earnings beat, solid forecast

Javier Stokes
October 25, 2017

The stock rose 2.39% or $1.08 reaching $46.24.

GM's share price has risen almost 30 per cent this year to near record levels, in part as the company has highlighted efforts to put self-driving cars on the road. It has underperformed by 33.33% the S&P500. Therefore 75% are positive. Facebook had 187 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating by Cowen & Co given on Thursday, October 5. The firm has "Buy" rating given on Monday, September 11 by Piper Jaffray. The rating was downgraded by Standpoint Research to "Hold" on Thursday, September 14. Ford Motor now has a consensus rating of "Hold" and a consensus price target of $12.44. The stock of President Energy PLC (LON:PPC) has "Buy" rating given on Monday, January 9 by Peel Hunt. Pivotal Research has "Buy" rating and $134 target.

State Treasurer State of MI trimmed its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The company has a market capitalization of $48.44 billion, a PE ratio of 12.837 and a beta of 1.12.

Still, Edward Jones rates GM a "hold" rather than buy or sell.

General Motors will continue to reduce production of passenger cars in order to retool its product mix in favor of the trucks, SUV's and crossovers customers are buying, Chief Financial Officer Chuck Stevens told investors Tuesday. The company was maintained on Friday, March 31 by Evercore. 15,600 are held by Duff Phelps Inv. Illinois-based Whitnell & has invested 0% in General Motors Company (NYSE:GM). They issued an "overweight" rating and a $40.00 price target on the stock. More interesting news about General Motors Company (NYSE:GM) were released by: Nasdaq.com and their article: "General Motors (GM) Q3 Earnings & Revenues Beat Estimates" published on October 24, 2017 as well as Forbes.com's news article titled: "What To Expect From General Motors' Q3" with publication date: October 20, 2017. As per Monday, August 28, the company rating was maintained by Jefferies. The auto manufacturer reported $1.32 EPS for the quarter, topping the Zacks' consensus estimate of $1.11 by $0.21. The Business's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc. Calamos Advsrs Lc owns 631,516 shares for 0.16% of their portfolio. 166 are owned by Peoples Ser Corp.

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But excluding one-time charges, the company earned US$1.32 a share, above analyst expectations of US$1.14. Ativo Capital Limited Co holds 14,676 shares or 0.61% of its portfolio. Ftb Advsr holds 0.27% of its portfolio in General Motors Company (NYSE:GM) for 70,636 shares. Naples Ltd Liability holds 0.35% in Ford Motor Company (NYSE:F) or 88,825 shares.

General Motors Company (NYSE:GM) opened at 35.07 on Friday. Amp Capital Invsts Ltd invested in 0.04% or 203,498 shares. General Motors Company's dividend payout ratio (DPR) is presently 17.41%.

Investors sentiment increased to 1.4 in Q2 2017. Its down 0.15, from 1.07 in 2017Q1. It turned negative, as 37 investors sold CA shares while 167 reduced holdings. Commerzbank Aktiengesellschaft Fi has 0.01% invested in CA, Inc. Cadence Management Limited Com holds 162,594 shares. Utah Retirement Systems reported 0.05% of its portfolio in CA, Inc. Rhumbline Advisers, Massachusetts-based fund reported 704,692 shares. Hollencrest Limited Liability Corporation holds 6,827 shares. Quantitative Investment Management Ltd Co holds 0.1% or 313,600 shares. Sol Capital Mngmt invested in 0.1% or 10,100 shares.

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