Somewhat Favorable Media Coverage Extremely Likely to Impact General Motors (NYSE:GM) Share Price

News headlines about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat positive on Monday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. General Motors earned a news impact score of 0.57 on their scale. InfoTrie also gave media stories about the auto manufacturer an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.

Here are some of the news headlines that may have effected General Motors’ score:

GM has been the topic of a number of recent analyst reports. Nomura set a $42.00 target price on General Motors and gave the company a “hold” rating in a research report on Thursday, May 2nd. Goldman Sachs Group restated a “neutral” rating and set a $36.00 price target on shares of General Motors in a report on Tuesday, March 26th. ValuEngine cut General Motors from a “hold” rating to a “sell” rating in a report on Saturday, June 1st. Credit Suisse Group started coverage on General Motors in a report on Wednesday, June 26th. They set an “outperform” rating and a $48.00 price target on the stock. Finally, Zacks Investment Research cut General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. General Motors has an average rating of “Buy” and an average price target of $47.47.

GM traded up $0.22 during trading on Monday, hitting $38.75. The company’s stock had a trading volume of 7,590,962 shares, compared to its average volume of 9,361,543. General Motors has a twelve month low of $30.56 and a twelve month high of $41.50. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.81. The business’s fifty day simple moving average is $36.16. The stock has a market capitalization of $55.27 billion, a price-to-earnings ratio of 5.93, a P/E/G ratio of 0.65 and a beta of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 30th. The auto manufacturer reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.32. General Motors had a return on equity of 22.67% and a net margin of 6.26%. The firm had revenue of $34.88 billion for the quarter, compared to analyst estimates of $35.56 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year. Equities analysts predict that General Motors will post 6.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, June 6th. General Motors’s payout ratio is 23.24%.

In other news, Director Wesley G. Bush bought 10,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were bought at an average cost of $38.58 per share, with a total value of $385,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is owned by corporate insiders.

About General Motors

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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