RBC Capital Cuts Price Target on General Motors (GM)
Equities research analysts at RBC Capital (NYSE: RY) decreased their price target on shares of General Motors (NYSE: GM) from $40.00 to $36.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock.
GM has been the subject of a number of other recent research reports. Analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of General Motors in a research note to investors on Monday, April 2nd. They set an “overweight” rating and a $45.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of General Motors in a research note to investors on Friday, March 16th. Finally, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of General Motors to $29.00 in a research note to investors on Friday, March 16th. They now have a “hold” rating on the stock.
General Motors traded down 0.27% on Friday, hitting $22.30. General Motors has a 1-year low of $19.00 and a 1-year high of $33.47. The company has a market cap of $34.919 billion and a price-to-earnings ratio of 6.73.
General Motors last released its earnings data on Thursday, May 3rd. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.08. General Motors’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that General Motors will post $0.86 EPS next quarter.
General Motors Company (GM) is a global automotive company. It develops, produces and markets cars, trucks and parts worldwide.