Why to buy GM stock?
Under Barra’s leadership, GM envisions a world with zero crashes, to save lives; zero emissions, so future generations can inherit a healthier planet; and zero congestion, so customers get back a precious commodity – time.
Should you buy GM stock?
Any recent changes to analyst estimates for General Motors Company should also be noted by investors ... Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven ...
Should you invest in GM?
Red day on Monday for General Motors Company (Updated on Jan 24, 2022)
- Signals & Forecast. There are few to no technical positive signals at the moment. ...
- Support, Risk & Stop-loss. There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of ...
- Insiders are negative selling more shares than they are buying in General Motors Company. ...
When will GM pay dividends?
General Motors Co. will resume production of the Chevrolet Bolt and larger Bolt EUV electric vehicles in April after the automaker and its battery partner, an LG Group company, found a solution to its manufacturing gaffes. GM stopped production of the ...
Is GM stock a good stock to buy?
GM trades for six times projected earnings of about $7 a share in both 2022 and 2023, one of the S&P 500 SPX +2.47% 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 General Motors a good stock to buy 2022?
Summary. Ford and General Motors both had a strong 2021. 2022 could be even better, although that depends on the further inflation trajectory and other macro factors. Both companies are very inexpensive today.
Is GM stock expected to rise?
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 undervalued or overvalued?
Based on GM stock's recent price of roughly $43 per share, the company's market cap is approximately $62 billion. Considering Cruise's potential value and that GM's core business could earn a $15 billion adjusted operating profit in 2022, the shares appear extremely undervalued at this level.
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.
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
How much will GM stock be worth in 5 years?
Based on our forecasts, a long-term increase is expected, the "GM" stock price prognosis for 2027-06-16 is 65.794 USD. With a 5-year investment, the revenue is expected to be around +101.58%. Your current $100 investment may be up to $201.58 in 2027.
What do analysts say about GM stock?
Based on analysts offering 12 month price targets for GM in the last 3 months. The average price target is $56.93 with a high estimate of $87 and a low estimate of $33.
What do analysts say about GM?
Analyst Price Target on GM Based on 15 Wall Street analysts offering 12 month price targets for General Motors in the last 3 months. The average price target is $61.29 with a high forecast of $98.00 and a low forecast of $33.00. The average price target represents a 58.91% change from the last price of $38.57.
Is GE a Buy Sell or Hold?
General Electric has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.
Is GM profitable now?
Definitely, by the second half of this year we'll be able to get closer to full capability.” Along with the upbeat production outlook, G.M. reported $10 billion in profit for 2021, a 55 percent increase from 2020 and its highest total ever. Its previous record year was 2015, when the company earned $9.7 billion.
Does GM pay a dividend?
General Motors eliminated its dividend in the second quarter of 2020 because of the pandemic. Unlike rival Ford Motor F –0.18% , General Motors GM +1.46% has decided against reinstating its dividend despite record profitability.
What is the market share of General Motors?
What are the different grades for stocks?
One of the world’s largest automakers, General Motors leads the U.S. market share with 17.1% of the industry’s total sales in 2020. Headquartered in Detroit, the auto giant has had a long and checkered history. Founded in 1908, the company rose to dominate the U.S. industry; however hit by the financial crisis, General Motors filed for bankruptcy on Jun 1, 2009. Just within 40 days, the firm emerged from bankruptcy. In 2010, the company launched its IPO – the biggest in U.S. history at that time – and has been steadily profitable since then. From going ...
Who is the CEO of GM?
Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.
When will GM start all electric vehicles?
It expects all three of those numbers to be higher in 2017, despite the sluggish market. CEO Mary Barra has pushed GM to focus on profitability rather than market share, a historic change that is paying off. Image source: General Motors. 2. GM CEO Mary Barra has the right priorities.
What is GM's disciplined capital allocation framework?
GM will launch at least 20 more all-electric vehicles by 2023, with the first two coming by the end of next year. Most will be long-range battery-electrics, but a few will have fuel cells -- a zero-emissions technology that has great promise in certain applications, such as military vehicles and first-responder units.
When did the Chevrolet Bolt EV come out?
Barra and CFO Chuck Stevens often refer to GM's shareholder-focused " disciplined capital allocation framework ." In brief, GM seeks returns on invested capital of greater than 20%, while maintaining an investment-grade credit rating and an $18 billion cash reserve, and returning all excess cash to shareholders through dividends and share repurchases. It's a sea change from GM's past, and a sign that GM is determined to reward its owners.
Is GM's profitability growing?
Data source: General Motors. Chart shows total U.S. sales of the Chevrolet Bolt EV for every month since it debuted in December of 2016. GM recently revealed that the Bolt is just the beginning of its electric-car efforts.
Is GM stock cheap?
GM's profitability is growing. The U.S. new-car market may have stalled, but GM's profitability is still growing, thanks to smart management moves and new products that deliver higher margins.
Will GM win the self driving race?
GM's stock is cheap. Historically, healthy automakers have traded around 10 times earnings, maybe a little higher in good times. Times are still good right now, but GM's valuation is low at just 7.7 times its expected 2017 earnings.
Who sees GM targets as “achievable and ultimately beatable”?
GM could win the self-driving race. As recently as three years ago, the idea that any of the big automakers would lead the self-driving revolution seemed laughable to most. But things are different now: GM has a "mass-producible" Level 4 self-driving vehicle ready to go and could begin cranking them out within months .
How much revenue will GM make in 2030?
Wedbush analyst Daniel Ives sees GM’s targets as “achievable and ultimately beatable.” He kept an outperform rating and 85 price target.
How many ULtium cells will GM have in 2025?
GM’s plan to more than double its recent average of $140 billion in annual revenue by 2030 includes adding $50 billion from its Cruise autonomous division. Software and services could add another $25 billion, including as much as $6 billion from the recently launched OnStar Insurance. The BrightDrop commercial delivery van and logistics business could add $10 billion a year.
Does GM have a platform?
GM’s one-million EV sales target floor for 2025 translates to roughly 240 million Ultium battery cells per year. Spreading its costs across massive output will help GM drive down the cost of EV’s most expensive piece, even before next-generation batteries come online.
When will GM launch Ultra Cruise?
Likewise, GM has a single, flexible Ultium platform, designed alongside a range of drive units and motors that can accommodate its entire portfolio, from passenger car to pickup truck.
Does GM reimburse LG for the Bolt battery recall?
Highlights included news that GM will offer Ultra Cruise, a high-end version of its Super Cruise driver assistance system, starting in 2023 . Super Cruise now provides hands-free driving on 200,000 miles of highway. Ultra Cruise will launch with coverage of 2 million miles of road. GM also revealed plans for a Chevrolet Equinox crossover priced around $30,000.
Is GM stock a show me stock?
General Motors is turning the page on a period of negative news. On Tuesday, GM said that LG will reimburse $1.9 billion of its $2 billion in costs related to its Bolt battery recall. On Sept. 20, GM said partner LG had resumed production of the Chevy Bolt battery after resolving manufacturing problems. GM also is partnering with the South Korean company to manufacture the new Ultium batteries that will be used for all future EVs.
How much does GM spend on electric cars?
Despite those lofty ambitions, GM stock still may be a show-me stock.
Why is GM recalled?
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.
How many ULtium batteries will GM have in 2025?
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.
What is the IBD rating of GM?
GM's one-million EV sales target floor for 2025 translates to roughly 240 million Ultium battery cells. Spreading its costs across massive output will help GM drive down the cost of EV's most expensive piece, even before next-generation batteries come online.
How much revenue will GM make in 2030?
GM stock has a solid 82 IBD Composite Rating, but fundamental metrics don't yet tell the full story. The hit to earnings from Covid and the chip shortage have distorted the picture.
What is the relative strength rating of GM?
GM also sketched out its path to doubling revenue by 2030 from its recent average of $140 billion in annual sales. In addition to Cruise's $25 billion, software and services could add $25 billion, including as much as $6 billion from the recently launched OnStar Insurance. The BrightDrop commercial delivery van and logistics business could add $10 billion a year. Total EV revenue should grow from $10 billion in 2023 to $90 billion by 2030, GM says.
Where is the GM battery factory?
GM stock has an 83 Relative Strength Rating from IBD, meaning it has outperformed 83% of all stocks over the past 12 months.
Analyst price target for GM
GM's first Ultium battery factory in Lordstown, Ohio, also should be up and running early in 2022.
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 was the market share of General Motors in 2016?
How is GM forecast to perform vs Auto Manufacturers companies and vs the US market?
When did GM reintroduce dividends?
According to the latest figures for the month of June, 2016 in the U.S., General Motors was the market leader with a 16.9% share, followed closely by Ford at 15.8%. Toyota and Chrysler shared the third spot with 13.1% market share each while Nissan and Honda followed with a market share of 9.3% and 9.2%, respectively. The other brands in the top 10 – Hyundai, Kia, Subaru and BMW –reported a market share of less than 5%.
Where is GM located?
The company reintroduced a dividend payout in 2014 after a gap of six years, reflecting its recovery from the bankruptcy and recessionary shocks. GM has been a regular with its dividend on a quarterly basis since its relaunch. In 2015, General Motors declared dividends worth $2.2 billion and returned $3.5 billion through its common stock repurchase program. GM announced a repurchase program up to $5 billion in March 2015 (up to end 2016), which has been extended by another $4 billion through 2017. Starting from Q1 2015 till Q1 2016, GM has bought back 112 million shares worth 3.8 billion.
When did GM start super cruise?
Headquartered in Detroit, General Motors Company ( GM) is a global automotive player that designs, builds and sells trucks and cars. In addition, other fast-growing peripheral businesses include auto loan financing, leases, and aftermarket for spares and accessories.
Does the author have a position in any stocks mentioned?
Its journey in autonomous vehicles will start with the launch of “Super Cruise” technology in 2017, on the Cadillac CT6. Super Cruise is a highway compatible driving automation technology, which will to provide a hands-free driving experience and is even designed for “stop-and-go traffic.”
Does GM have after sales?
The author has no position in any stocks mentioned. Investors should consider the above information not as a de facto recommendation, but as an idea for further consideration.
Is GM a customer financing company?
GM also explored the market for spare parts, accessories and components for motor vehicles. This is a business with strong margins and the company has grown its after-sales services significantly, even though the number of new vehicles on the road have not risen in sync. Now as GM’s vehicle population rises, more and more customers would be added to the aftermarket, pushing growth in revenue and profits.
