General Motors Company Common S (NYSE:GM):
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The company is now up by 0.67 percent from yesterday’s close.
Additionally General Motors Company Common S recently announced a dividend that will be paid on Fri Jun 23, 2017. The dividend payment will be $0.380 per share for the quarter which comes to $1.52 on an annualized basis. The dividend yield will be $4.43. The ex-dividend date is Wednesday the 7th of June 2017.
General Motors Company, launched on August 11, 2009, designs, builds and sells cars, trucks, crossovers and automobile parts. 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. (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc. The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC. The Company also develops, manufactures and/or markets vehicles outside North America under the brands, including Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall..
Shares of the company are trading at $34.34 just a bit higher than $33.75, the 50 day moving average and barely below the 200 day moving average of $35.41. The 50 day moving average moved up $0.59 whereas the 200 day moving average was down $-1.07 or -3.02%.
The most current P/E ratio is 5.31 and the market cap of the company is 51.82B. As of the last earnings report the EPS was $6.47 and is projected to be $6.10 for the current year with 1,509,111,000 shares currently outstanding. Next quarter’s EPS is expected be $1.23 with next year’s EPS projected to be $6.12.
Brokerage firms have released ratings on General Motors Company Common S of late. On December 1 analysts at Macquarie started coverage by announcing an initial rating of “Outperform”. Berenberg initiated coverage on GM setting a rating of “Sell”.
On October 26 the stock rating was downgraded from “Buy” to “Neutral” in a report issued by Bank of America. On October 25, 2016 the stock rating was rated “Hold” in a report from Craig-Hallum which is down from the previous “Buy” rating.
Morgan Stanley both upgraded the stock and raised the price target on September 19 changing the price target from $29.00 to $37.00 and raising the rating from “Equal-weight” to “Overweight”. On September 19 the company was upgraded to “Overweight” from “Equal-weight” and a price target of $37.00 was set by analysts at Morgan Stanley.