Is GM stock a good buy right now?
There are many, many good stocks to buy out there, however don't be led into thinking that GM is a good buy right now just because of the low price and its familiarity. Learn to differentiate good companies set to rally from bad ones which may never recover from this decline and you are sure to be a successful investor.
Is General Motors Company (GM) a good stock to buy?
General Motors Company ... recommend it as a Buy and 2 called the GM stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock ...
Is GM stock a Buy Right Now?
Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. General Motors Company (GM) is a stock many investors are watching right now. GM is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. We also note that GM holds a PEG ratio of 1.02.
Is it a good time to buy GM stock?
after long-time bullish analyst Adam Jonas at Morgan Stanley downgraded the auto maker and slashed his price target, citing a disappointing earnings outlook and concerns over the China market. Video: GM still generated $7.7B in net cash in its auto ...
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Is GM stock a good stock to 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.
Is now a good time to invest in GM?
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 good stock to buy 2022?
At the current market price of about $39 per share, GM stock trades at just about 5x the mid-point of projected 2022 earnings. Growth is also likely to pick up a bit this year, with revenue rising by about 20% per our estimates.
Is GM stock expected to go up?
General Motors Company quote is equal to 32.190 USD at 2022-07-04. Based on our forecasts, a long-term increase is expected, the "GM" stock price prognosis for 2027-06-25 is 62.257 USD. With a 5-year investment, the revenue is expected to be around +93.4%. Your current $100 investment may be up to $193.4 in 2027.
Is General Motors 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.
What is the target price for GM?
Stock Price TargetHigh$95.00Low$33.00Average$57.64Current Price$31.76
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
Will GM pay dividends again?
“As we move forward, we will consider all opportunities to return excess capital to shareholders, but we will not reinstate a dividend at this time,” Barra said. “Our clear priority is to accelerate our EV plan and drive growth.” GM cut its dividend during the early days of the coronavirus pandemic in April 2020.
What do analysts say about GM?
Analyst Price Target on GM Based on 16 Wall Street analysts offering 12 month price targets for General Motors in the last 3 months. The average price target is $57.57 with a high forecast of $87.00 and a low forecast of $42.00. The average price target represents a 78.84% change from the last price of $32.19.
Does GM pay a dividend?
General Motors eliminated its dividend in the second quarter of 2020 because of the pandemic. Unlike rival Ford Motor , General Motors has decided against reinstating its dividend despite record profitability.
Is Tesla a buy?
Tesla stock has had a tough 2022, but now UBS has upgraded shares to Buy from Neutral while keeping its price target unchanged at $1,100.
Is GM stock a buy Zacks?
General Motors Company - Hold Zacks' proprietary data indicates that General Motors Company is currently rated as a Zacks Rank 3 and we are expecting an inline return from the GM shares relative to the market in the next few months.
General Motors (GM)
General Motors Company - Hold
This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
Style Scorecard
Zacks' proprietary data indicates that General Motors Company is currently rated as a Zacks Rank 3 and we are expecting an inline return from the GM shares relative to the market in the next few months.
Chart for GM
The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.
What divisions did GM sell?
One of the world’s largest automakers, General Motors’ U.S. market share was 14.4% of the industry’s total sales in 2021. Headquartered in Detroit, the auto giant has had a long and checkered history. Founded in 1908, the company rose to dominate the U.S.
How much is GM's net income?
When the sales were complete, GM was left with four U.S. divisions: Buick, Cadillac, Chevrolet and GMC. GM decided to once again offer shares to the public once it downsized. On November 17, 2010, GM raised $20.1 billion in an initial public offering (IPO) of stock at $33 per share.
How many cars will be affected by the GM recall?
GM reported net income of $4.005 billion on September 30, 2020, which represents an increase of 73.15% year on year. Nevertheless, net income for the 12 months ended on that date was only $3.21 billion, a decline of 63.5% from the previous year’s $6.581 billion. If earnings growth continues at this pace, it would make the stock an attractive buy, although future earnings growth depends on various economic factors and therefore remains subject to change.
How long did the GM strike last?
The company also continues to be plagued by recalls. The most recent GM recall announced in December 2020 will affect 840,000 vehicles in the U.S for seat belt failures and suspension problems. GM stock currently trades at the $41.57 per share level, which is $8.57 above the $33 per share price of its 2010 IPO.
Where is GM made?
In September of 2019, 48,000 GM employees from the United Autoworkers Union went on strike, costing workers over $1 billion in wages. The strike lasted 6 weeks and cost GM approximately $2 billion in lost production.
When did GM suspend dividends?
Headquartered in Detroit, Michigan, General Motors has been the largest motor vehicle manufacturer during most of the past century, though by 2008, Japanese automaker Toyota Motors surpassed GM as the largest automaker in the world. GM stock was also replaced by Cisco Systems in the DJIA in the same year.
Is GM a cyclical stock?
Due to declines in revenue since 2019, GM suspended its dividend payment for much of 2020. While this may have affected income investors, GM stock was trading at the $26 per share level on March 11, 2020, which is when COVID-19 was declared a pandemic.
How much is GM worth?
GM stock is considered a prime example of a “cyclical stock” because its stock price depends on economic growth and closely tracks the business cycle. It is also among the consumer cyclical stocks because its value as a company remains subject to the whims of consumers and the strength of the market for its goods.
How much does GM spend on electric cars?
GM's stake is now worth $19 billion, up from $11.9 billion, JP Morgan analyst Ryan Brinkman figures. That equates to about $13 per share in GM stock. Apple, Alphabet ( GOOGL )-unit Waymo, Uber ( UBER ), Ford and Tesla are among a large field of well-funded competitors in the autonomous-vehicle market.
How many ULtium batteries will be made in 2025?
On June 16, GM said it plans to spend $35 billion on electric and self-driving vehicles. The 30% boost over the prior $27-billion total partly reflects two additional EV battery plants. GM's revved-up investment plans track with its aim to leverage massive scale and capital efficiency as a competitive advantage.
Why is GM recalled?
GM's one-million EV sales target floor for 2025 translates to roughly 240 million Ultium battery cells per year. That doesn't include batteries for EVs that GM will build for Honda, or for other collaborations, like its work toward emissions-free locomotives with Wabtec ( WAB ).
Is GM stock moving sideways?
On Friday, GM announced that it's recalling 69,000 Chevy Bolts due to fire risk. But this bad news will be quickly forgotten as GM's transformation ramps up this fall. X.
Is GM's transition risky?
Since its last big breakout in January, GM stock has essentially moved sideways for the past six months. As long as the chip crunch proves manageable, that may just be the calm before GM revs up its three-motor Hummer EV this fall.
Is GM a solid state battery?
GM's transition isn't without risk, even apart from the chip shortage. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals, have built up big EV war chests by issuing stock.
What is GM company?
GM's transition isn't without risk, even apart from the chip shortage. As GM funds itself mainly through ICE profits, pure-play EV automakers, including Tesla and a host of Chinese rivals, have built up big EV war chests by issuing stock. Meanwhile, Toyota ( TM) and EV battery startup QuantumScape ( QS) have highlighted their separate progress toward a solid-state EV battery that has potential to offer faster charging, longer distance and greater safety.
How to calculate the price to earnings ratio of 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, 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 addition, it offers safety and security services for retail and fleet customers, including automatic crash response, emergency services, roadside assistance, crisis assist, stolen vehicle assistance, and turn-by-turn navigation, as well as connected services comprising mobile applications for owners to remotely control their vehicles and electric vehicle owners to locate charging stations, on-demand vehicle diagnostics, smart driver, marketplace in-vehicle commerce, connected navigation, SiriusXM with 360L, and 4G LTE wireless connectivity. Further, the company provides automotive financing services; and operates an online store. General Motors Company was founded in 1908 and is headquartered in Detroit, Michigan.
What is the ESG score of General Motors?
General Motors Company's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.1275. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
