GM rebounds with $8.1B net profit in '18

08 February, 2019, 17:59 | Author: Regina Silva
  • GM rebounds with $8.1B net profit in '18

Citigroup thinks that GM is worth Buy rating. General Motors has an average rating of Buy and an average target price of $45.68. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The firm now has a hold rating on the auto manufacturer's stock. The price of the stock the last time has raised by 30.60% from its Week high price while it is raised higher than its 52-Week low price. On the other hand, 1 analyst had recommended selling the stock. GM's margin was 8 percent a year ago on an earnings before interest and taxes basis, easily beating rival Ford Motor Co.'s 4.4 percent. The stock had a trading volume of 596,705 shares, compared to its average volume of 11,236,711. The stock has a market capitalization of $54.78 Billion however its outstanding shares are 1.39 Billion. General Motors Company debt-to-equity ratio now stands at 2.69, while its quick ratio hovers at 0.80.

Here's what GM did in 2018, compared with what Wall Street expected: *Adjusted earnings: $1.43 per share vs. $1.22 per share estimated *Revenue: $38.4 billion vs. $36.48 billion expected GM shares were up 1.8 percent Wednesday morning after rising almost 4.8 percent in premarket trading. On average, equities analysts predict that General Motors will post 6.3 earnings per share for the current year. Ford stock also rose after a positive earnings report, similar to GM's Q4 profits. General Motors's quarterly revenue was up 1.8% on a year-over-year basis.

GM telegraphed its results in January, when it gave a lengthy presentation about its outlook for 2019 to investors. It has also been the sharpest daily surge since January 30th.

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General Motors stock traded up $0.73 during mid-day trading on Wednesday, hitting $40.03. The company's average trading volume now stands at 18.20M shares, which means that the short-interest ratio is just 1.63 days. The company's beta value stood at 1.27.

A number of institutional investors have recently made changes to their positions in GM. The Vanguard Group Inc sold more SQ shares, decreasing its portfolio by -14.39% during the last quarter. Capital Research Management Co followed the path by decreasing its SQ portfolio by -6.87% in the quarter. Cambridge Investment Research Advisors Inc. now owns 129,361 shares of the auto manufacturer's stock valued at $4,356,000 after purchasing an additional 11,139 shares during the last quarter.

Similarly, Jennison Associates LLC increased its Square, Inc. shares by +3.98% during the recently filed quarter. If you are accessing this piece on another publication, it was illegally copied and republished in violation of USA and worldwide trademark & copyright law. The firm bought 571,423 shares during the quarter which increased its stakes to 5,305,544 shares and is now valued at $297,587,963. So far the company has made good on that promise, but some investors are still cautious, if not skeptical the company can maintain that momentum.

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