In a report released yesterday, Tom Narayan from RBC Capital maintained a Buy rating on General Motors (GM – Research Report), with a price target of $54.00. The company’s shares closed yesterday at $38.15.
Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Mobileye Global, Inc. Class A, and General Motors. According to TipRanks, Narayan has an average return of 4.6% and a 48.76% success rate on recommended stocks.
In addition to RBC Capital, General Motors also received a Buy from Mizuho Securities’s Vijay Rakesh in a report issued today. However, yesterday, Wells Fargo assigned a Sell rating to General Motors (NYSE: GM).
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GM market cap is currently $48.47B and has a P/E ratio of 4.98.
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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:
- General Motors (NYSE:GM) Shifts Gears, Brings In the Plug-In Hybrid
- General Motors (NYSE:GM) Races Ahead after Q4 Print
- Options Volatility and Implied Earnings Moves Today, January 30, 2024
- General Motors sees FY24 adjusted EPS $8.50-$9.50, consensus $7.83
- GM Releases 2023 Fourth-Quarter and Full-Year Results, and 2024 Guidance
