News headlines about General Motors (NYSE:GM) (TSE:GMM.U) have been trending somewhat negative on Saturday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. General Motors earned a daily sentiment score of -1.23 on their scale. InfoTrie also gave news coverage about the auto manufacturer an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected General Motors’ score:
- GM Delays Resumption of Second Shift at 3 North American Truck Plants -Source (money.usnews.com)
- GM truck production plans delayed by parts shortage: WSJ (marketwatch.com)
- Thousands of GM UAW members told to stay home, pickup production stalled (msn.com)
- GM delays resumption of second shift at three North American truck plants — source (feeds.reuters.com)
- General Motors’ million-mile battery is ‘almost there’ (caradvice.com.au)
A number of research firms recently weighed in on GM. ValuEngine downgraded General Motors from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Bank of America cut their price target on shares of General Motors from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Cfra cut shares of General Motors to a “sell” rating and set a $15.00 price target for the company. in a research note on Tuesday, April 7th. Nomura cut their price target on shares of General Motors from $36.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Royal Bank of Canada restated a “buy” rating and set a $33.00 price target on shares of General Motors in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.47.
General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Wednesday, May 6th. The auto manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.32. General Motors had a net margin of 3.60% and a return on equity of 12.73%. The firm had revenue of $32.71 billion during the quarter, compared to analysts’ expectations of $31.37 billion. During the same quarter in the previous year, the company posted $1.41 EPS. General Motors’s revenue was down 6.2% on a year-over-year basis. Analysts forecast that General Motors will post 1.44 EPS for the current year.
In related news, EVP Matthew Tsien acquired 22,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was purchased at an average price of $22.97 per share, for a total transaction of $514,528.00. Following the transaction, the executive vice president now directly owns 62,234 shares of the company’s stock, valued at approximately $1,429,514.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.
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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