Finally, Bank of America Corp. downgraded shares of General Motors from a "buy" rating to a "neutral" rating and lifted their target price for the company from $26.69 to $31.60 in a report on Wednesday, October 26th. (NYSE:GM) (TSE:GMM.U) in a research note issued to investors on Tuesday. They now have a $32.86 target price on the auto manufacturer's stock.
Several other analysts also recently weighed in on the stock.
Ford Motor Company (NYSE:F) went down -2.66% during trading on 12/12/2016, with the company's shares hitting the price near $12.82. In taking a look at the company's valuation, the firm's price to earnings ratio stands at N/A. Ford Motor Co. got Initiated on 1-Dec-16 where investment firm Macquarie Initiated the stock to Neutral.
8 number of analysts have estimated the sales of the company for the quarter ending Jan 26, 2017, analysts estimated mean sale target of 34346.7 million while high and low sale targets are estimated at 38385 million and 32371 million respectively.
09/12/2016 - Ford Motor Company had its "equal weight" rating reiterated by analysts at Barclays.
A total of 17 equity analysts have released a ratings update on GM. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $38.41. Zynga Inc. has a market cap of 2.57B and has seen an average daily volume of 11624000 over the past three months. The company's 50-day moving average price is $12.02 and its 200 day moving average price is $12.48. Shares registered one year high at $13.89 and the one year low of $10.65. Moving to earnings estimates, for this current fiscal period, Wall Street analysts have projected that the company will post $1.18 earnings per share. The business earned $42.80 billion during the quarter, compared to analysts' expectations of $39.11 billion. General Motors had a net margin of 8.58% and a return on equity of 23.22%. During the same quarter past year, the firm earned $1.50 EPS. While for the next 5 years, the growth estimate is 1.57%. The company beat the analyst EPS Estimate with the difference of $0.06. If you are accessing this report on another website, it was illegally copied and republished in violation of US and worldwide copyright & trademark legislation. The correct version of this news story can be accessed at http://sportsperspectives.com/2016/12/13/ford-motor-co-f-position-increased-by-blackrock-fund-advisors/.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, December 7th will be paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, October 25th. This represents a $1.52 annualized dividend and a yield of 4.07%. Jacoby Stefan retains 18,770 shares in the stock after this transaction. The stock was sold at an average price of $11.86, for a total transaction of $118,600.00. (NYSE:F) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
A number of institutional investors have recently added to or reduced their stakes in GM. Pictet Asset Management Ltd. raised its position in General Motors by 1.6% in the first quarter. Nisa Investment Advisors LLC increased its stake in General Motors by 19.0% in the second quarter. AllSquare Wealth Management LLC now owns 4,600 shares of the auto manufacturer's stock worth $130,000 after buying an additional 650 shares during the period. Balasa Dinverno & Foltz LLC now owns 117,105 shares of the auto manufacturer's stock worth $1,472,000 after buying an additional 89,290 shares during the last quarter. Inc. purchased a new stake in Ford Motor during the second quarter worth about $223,000.