Somewhat Favorable Media Coverage Somewhat Unlikely to Impact General Motors (NYSE:GM) Stock Price
News coverage about General Motors (NYSE:GM) (TSE:GMM.U) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. General Motors earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the auto manufacturer an impact score of 47.2334269550394 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Former GM site listed by local broker for $7.45 million (gazettextra.com)
- [$$] Ford CEO Says Company Could Exceed 8% Margin Target (finance.yahoo.com)
- Nexteer Automotive Group Limited — Moody’s assigns Baa3 issuer rating to Nexteer, withdraws CFR and upgrades bond rating (finance.yahoo.com)
- Why Does Tesla Have Such a Hard Time Making Cars? (finance.yahoo.com)
- ProMax Now Offers All Features from the GM DTAP Suite of Data Integrations (prweb.com)
General Motors (NYSE GM) opened at $37.85 on Friday. General Motors has a 52-week low of $31.92 and a 52-week high of $46.76. The company has a market capitalization of $52,880.69, a price-to-earnings ratio of -13.10, a PEG ratio of 0.72 and a beta of 1.60. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.76 and a current ratio of 0.89.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.02%. General Motors’s dividend payout ratio is currently -52.59%.
Several research firms recently commented on GM. Vetr cut General Motors from a “hold” rating to a “sell” rating and set a $40.25 price target for the company. in a report on Tuesday, February 27th. Goldman Sachs Group set a $33.00 price target on General Motors and gave the company a “sell” rating in a report on Tuesday, February 6th. Royal Bank of Canada raised General Motors from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $51.00 to $52.00 in a report on Tuesday, December 19th. Barclays reaffirmed a “buy” rating and issued a $60.00 price target on shares of General Motors in a report on Sunday, January 21st. Finally, Bank of America increased their price target on General Motors from $57.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $44.79.
In other news, insider Mark L. Reuss sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $43.09, for a total transaction of $1,292,700.00. Following the completion of the transaction, the insider now directly owns 103,052 shares in the company, valued at $4,440,510.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Retiree Medical Benefits T. Uaw sold 40,000,000 shares of General Motors stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $39.71, for a total value of $1,588,400,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,289,848 shares of company stock valued at $1,600,694,061. Company insiders own 0.04% of the company’s stock.
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General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’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.
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