Barclays analyst Dan Levy maintained a Buy rating on General Motors (GM – Research Report) today and set a price target of $60.00. The company’s shares closed yesterday at $44.88.
According to TipRanks, Levy is an analyst with an average return of -3.0% and a 37.68% success rate. Levy covers the Consumer Cyclical sector, focusing on stocks such as Tesla, General Motors, and Ford Motor.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for General Motors with a $57.15 average price target, a 27.34% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $61.00 price target.
GM market cap is currently $50.44B and has a P/E ratio of 5.05.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2024, Rory Harvey, the EVP of GM sold 15,097.00 shares for a total of $736,061.10.
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General Motors (GM) Company Description:
General Motors Company is one of the world’s largest vehicle manufacturing companies. The firm is engaged in designing, manufacturing, and selling cars, trucks, and automobile parts. The company is home to popular car brands like Chevrolet, Buick, GM, and Cadillac. It operates under four operating business segments: GM North America, GM International, Cruise and GM Financial.
Read More on GM:
- CVS to cut jobs, PepsiCo acquires Siete Foods: Morning Buzz
- General Motors reports Q3 U.S. deliveries down 2% y/y to 659,601 vehicles
- General Motors put volume heavy and directionally bearish
- General Motors price target raised to $61 from $53 at Goldman Sachs
- GM’s Cruise to pay $1.5M fine to resolve NHTSA consent order
