(GM) Shares Trading down at $45.15 GM Reports Income of $0.1 Billion and…


General Motors Company (NYSE:GM):

GM Reports Income of $0.1 Billion and EBIT-adjusted of $2.5 Billion from Continuing Operations.

The company is trading down from yesterday’s close of 45.61.

Additionally General Motors Company announced a dividend for shareholders which was paid on Friday the 22nd of September 2017. The dividend was $0.380 per share for the quarter or $1.52 annualized. This dividend represents a yield of $3.35 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 7th of September 2017.

General Motors Company, launched on August 11, 2009, designs, builds and sells cars, trucks, crossovers and automobile parts. The Business’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc. (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc. The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC. The Company also develops, manufactures and/or markets vehicles outside North America under the brands, including Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall..

It is trading at $45.15 barely above $41.53, the stock’s 50 day moving average and which is quite a bit higher than the 200 day moving average of $36.38. The 50 day moving average moved up $3.62 whereas the 200 day average was up by +24.09%.

The company’s P/E ratio is 7.85 and market capitalization is 65.79B. In the latest earnings report the EPS was $5.75 and is projected to be $6.12 for the current year with 1,457,208,000 shares currently outstanding. Next quarter’s EPS is expected be $1.40 with next year’s EPS anticipated to be $5.88.

Traders are more bearish on shares of the company if you take note of the change in short interest. The company saw a rise in short interest of 1.17% as of the latest report on September 29, 2017. Short interest grew 437,784 over that period. Days to cover decreased 0.0 to 3.0 and the short interest percentage is 0.03% as of September 29.

Brokerage analysts have issued ratings on GM of late. On September 14 the stock rating was downgraded to “Hold” from “Buy” in a statement from Standpoint Research. On September 21 Morgan Stanley made no change to the company rating of “Overweight” but raised the price expectation from $40.00 to $43.00.

On September 25 the company was upgraded from “Hold” to “Buy” in a report issued by Deutsche Bank. On October 3 the company was rated “Buy” according to a Bank of America report up from the previous “Neutral” rating.

On October 13, 2017 the stock rating was set at “Overweight” in a report from Barclays a boost from the previous “Equalweight” rating.