Why to buy GM stock?
General Motors (Shutterstock photo)Headquartered in Detroit, General Motors Company (GM) is a global automotive player that designs, builds and sells. 5 Reasons To Buy General Motors (GM) Stock ...
Should you buy GM stock?
General Motors Company (GM) closed the most recent trading day at ... The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return ...
Is GM stock a good buy right now?
Wall Street expects a year-over-year decline in earnings on higher revenues when General Motors Company (GM) reports results for the quarter ended March 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture ...
What was GM highest stock price?
This week General Motors stock sold at $697 per share, the highest price at which any stock ever has sold on the New York Stock Exchange, with the exception of Northern Pacific. The latter issue...
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What is the target price for GM stock?
Stock Price TargetHigh$95.00Low$29.00Average$52.85Current Price$34.67
Is GM a good stock to buy 2022?
GM stock has plummeted 45% year to date to around $32, even though the company still expects to earn about $7 per share in 2022. Based on General Motors' solid short-term and long-term positioning, GM stock's recent plunge looks like a terrific buying opportunity.
Is GM stock expected to rise?
General Motors Company quote is equal to 34.670 USD at 2022-07-25. Based on our forecasts, a long-term increase is expected, the "GM" stock price prognosis for 2027-07-14 is 57.341 USD. With a 5-year investment, the revenue is expected to be around +65.39%. Your current $100 investment may be up to $165.39 in 2027.
Is GM a strong buy?
Likewise, General Motors had a strong 2021 as well. The company generated an adjusted EBIT of $14.3 billion during the year, which was even better than Ford's results, although one should note that GM also sells way more vehicles than Ford per year. For the current year, expectations are high as well.
How high will GM stock go?
AIPickup expected the average GM future stock price to hit $39.91 in 2022, falling to $38.82 in 2023, $38.35 in 2024 and $34.48 in 2025.
Is GM a buy Hold or sell?
GM stock is up 8% year-to-date, and although that's better than nothing, it's an underperformance when compared to the 20% gains seen by the S&P 500. That said, a consensus target price above $47 – representing 30% upside – alongside a 4.2% dividend both make GM look like a compelling stock to buy today.
Is GM going out of business?
General Motors filed for bankruptcy early Monday, marking the end of an era for GM, as the troubled automaker now represents the largest bankruptcy in history. Once the world's largest automaker, now the ailing giant will be forced to close more than 10 plants and cut more than 20,000 jobs.
What is the target price for Nvidia?
Average Price Target Based on 31 Wall Street analysts offering 12 month price targets for Nvidia in the last 3 months. The average price target is $253.87 with a high forecast of $400.00 and a low forecast of $150.00.
Will GM pay dividends again?
But General Motors (GM), which suspended its dividend in the second quarter of 2020 due to the pandemic, isn't showing any signs of bringing it back. Neither company has been buying back much stock.
Is GM a good long term stock?
GM trades for six times projected earnings of about $7 a share in both 2022 and 2023, one of the S&P 500 index's lowest price/earnings ratios. Its market cap of $60 billion compares with $1 trillion for Tesla (TSLA). “The stock is very attractive.
Who owns the most GM stock?
Top 10 Owners of General Motors CoStockholderStakeShares ownedThe Vanguard Group, Inc.6.84%99,786,914Capital Research & Management Co....5.57%81,227,171Capital Research & Management Co....5.12%74,587,645BlackRock Fund Advisors4.56%66,491,7866 more rows
Is General Motors making money?
GM Revenue from Sales for the Nine Months Ending Sept. 30, 2021. Data obtained from GM's quarterly report from 2021....Major Drivers.GM's Full-Year 2020 EBITGMNAGMIGM Financial$9.10B(0.5)B$2.7B
Is GM a good long term stock?
GM trades for six times projected earnings of about $7 a share in both 2022 and 2023, one of the S&P 500 index's lowest price/earnings ratios. Its market cap of $60 billion compares with $1 trillion for Tesla (TSLA). “The stock is very attractive.
Is GM a stable company?
The stock has a C grade for Stability, consistent with its beta of 1.18. GM has a D grade for Growth, which is in sync with analysts' expectations that its revenue and EPS will decline 8.2% and 43.5%, respectively year-over-year to $34.43 billion and $1.09 for the quarter ended Dec. 31, 2021.
Will GM pay dividends again?
But General Motors (GM), which suspended its dividend in the second quarter of 2020 due to the pandemic, isn't showing any signs of bringing it back. Neither company has been buying back much stock.
Is General Motors making money?
GM Revenue from Sales for the Nine Months Ending Sept. 30, 2021. Data obtained from GM's quarterly report from 2021....Major Drivers.GM's Full-Year 2020 EBITGMNAGMIGM Financial$9.10B(0.5)B$2.7B
What is General Motors's consensus rating and price target?
According to the issued ratings of 21 analysts in the last year, the consensus rating for General Motors stock is Buy based on the current 1 sell r...
Do Wall Street analysts like General Motors more than its competitors?
Analysts like General Motors stock more than the stock of other Auto/Tires/Trucks companies. The consensus rating for General Motors is Buy while t...
Do MarketBeat users like General Motors more than its competitors?
MarketBeat users like General Motors stock more than the stock of other Auto/Tires/Trucks companies. 74.96% of MarketBeat users gave General Motors...
Is General Motors being downgraded by Wall Street analysts?
Over the previous 90 days, General Motors's stock had 1 downgrade by analysts.
Does General Motors's stock price have much upside?
According to analysts, General Motors's stock has a predicted upside of 32.25% based on their 12-month price targets.
What analysts cover General Motors?
General Motors has been rated by Barclays , Berenberg Bank , BNP Paribas , Citigroup , Deutsche Bank Aktiengesellschaft , Exane BNP Paribas ,...
Is General Motors stock a Buy, Sell or Hold?
General Motors stock has received a consensus rating of buy. The average rating score is and is based on 44 buy ratings, 6 hold ratings, and 1 sell...
What was the 52-week low for General Motors stock?
The low in the last 52 weeks of General Motors stock was 34.31. According to the current price, General Motors is 102.04% away from the 52-week low.
What was the 52-week high for General Motors stock?
The high in the last 52 weeks of General Motors stock was 66.56. According to the current price, General Motors is 52.60% away from the 52-week high.
What are analysts forecasts for General Motors stock?
The 51 analysts offering price forecasts for General Motors have a median target of 59.27, with a high estimate of 100.00 and a low estimate of 32....
How many brands does GM have?
Why was the Chevrolet Bolt recalled?
Analyst Report: General Motors Company General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company remains the market leader in the U.S. with 17.3% share in 2020. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.
Did GM workers in Mexico defeat union?
GM recalled the Chevrolet Bolt EV in 2020 over battery issues. Some vehicles are still catching on fire—and the batteries are made by the same manufacturer that caused Hyundai to recall 76,000 vehicles. Investor's Business Daily • 2 days ago.
Why did GM cut truck production?
UPDATE 6- GM workers in Mexico defeat union in first test of U.S. trade deal. Workers at a General Motors Co pickup-truck plant in central Mexico have voted to scrap their collective contract, opening the door for them to oust one of Mexico's largest labor organizations as their union under a new trade deal.
How much did General Motors make in 2020?
General Motors Co said Wednesday it will cut some truck production in North America because of the ongoing global semiconductor shortage. 5 days ago - Reuters.
Why is GM shutting down?
In 2020, General Motors's revenue was $122.49 billion, a decrease of -10.75% compared to the previous year's $137.24 billion. Earnings were $6.43 billion, a decrease of -4.53%.
What is General Motors?
GM is shutting down most of its pickup truck production due to a lack of computer chips. General Motors will stop making most of its full-size pickup trucks for a week starting Monday. It's another sign that the auto industry continues to struggle with the year-long global computer chip sho...
Why are Chevy Bolts recalled?
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names. The company also sells trucks, crossovers, and cars to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In... [Read more...]
When will the union vote be held at General Motors?
CNBC's Phil LeBeau reports on General Motors recall of Chevy Bolts, an electric vehicle, from 2017 to 2019 due to potential for the vehicles to catch on fire.
Does GM have automatic lane change?
The United States and Mexico on Thursday agreed that a new union vote will be held at the General Motors Silao plant by Aug. 20, the U.S. Trade Representative's Office (USTR) said.
Analyst price target for GM
GM to add automatic lane-change, other features to driver assistance tech. General Motors said on Friday it will add new features, including hands-free automatic lane-changing, to some of its models with Super Cruise driver assistance. 4 days ago - Reuters.
GM earnings per share forecast
Based on 12 analyst s offering 12 month price targets for General Motors Co.
GM revenue forecast
What is GM 's earnings per share in the next 3 years based on estimates from 7 analyst s?
GM earnings growth forecast
What is GM 's revenue in the next 3 years based on estimates from 3 analyst s?
GM revenue growth forecast
How is GM forecast to perform vs Auto Manufacturers companies and vs the US market?
What is a large cap stock?
How is GM forecast to perform vs Auto Manufacturers companies and vs the US market?
Is breadth supportive of higher stock prices?
Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.
Is crude oil recovering from bear market?
In general, longer-term measures of breadth remain supportive of higher stock prices. All of the following breadth data is as of the 9/24 close.
Did the stock market reverse on Thursday?
Crude oil continues to recover from the devastating bear market between February and March of 2020. The size of the current advance is surprising both fundamentalists and technicians. It seems no one saw this coming. In fact, certain business channel stars were once calling crude oil a dead asset. Despite an extremely overbought condition on both daily and weekly momentum indicators, prices keep making new recovery highs on almost a daily basis.
What is the target price for General Motors in 2021?
Thursday was another odd day. Major stock indices again saw a decent-sized reversal, this time from mid-morning lows (the opposite of what happened on Wednesday). NYSE breadth saw decliners ahead of advancers by 1,900 issues early on, but the advance/decline stats finished with over 1,300 net advancers.
How do we forecast General Motors stock?
Forecast target price for 12-01-2021: $ 66.02. Positive dynamics for General Motors shares will prevail with possible volatility of 3.984%.
How to calculate market capitalization?
We forecast General Motors stock performance using neural networks based on historical data on General Motors stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.
What is dividend per share?
It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
