General Motors Company Assigned “BBB-” Credit Rating (GM)

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General Motors Company (NYSE:GM) has earned a “BBB-” credit rating from analysts at Morningstar. The firm’s “BBB-” rating suggests that the company is a moderate default risk. They also gave their stock a four star rating.

Other equities research analysts have also recently issued reports about the stock. Analysts at Vetr upgraded shares of General Motors Company from a “sell” rating to a “hold” rating and set a $36.05 price target on the stock in a research note on Wednesday, March 25th. Analysts at Zacks reiterated a “neutral” rating and set a $40.00 price target on shares of General Motors Company in a research note on Wednesday, March 18th. Analysts at Morgan Stanley initiated coverage on shares of General Motors Company in a research note on Tuesday, March 17th. They set an “underweight” rating and a $28.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of General Motors Company from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.50.

Shares of General Motors Company (NYSE:GM) opened at 37.31 on Monday. General Motors Company has a 1-year low of $28.82 and a 1-year high of $38.99. The stock’s 50-day moving average is $37. and its 200-day moving average is $33.. The company has a market cap of $60.08 billion and a P/E ratio of 22.60.

General Motors Company (NYSE:GM) last released its earnings data on Wednesday, February 4th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.83 by $0.36. The company had revenue of $39.60 billion for the quarter, compared to the consensus estimate of $40.22 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that General Motors Company will post $4.61 EPS for the current fiscal year.

General Motors Corporation (NYSE:GM) designs, build and sell cars, trucks and automobiles parts globally. The Company also provides automotive financing services through General Motors Financial Company, Inc (GM Financial). The Company’s automotive operations meet the demands of the Company’s customers through its four automotive segments: GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA).

To view more credit ratings from Morningstar, visit www.jdoqocy.comclick-7674909-10651170.

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