General Motors Company Downgraded to Neutral at Goldman Sachs (GM)

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Goldman Sachs lowered shares of General Motors Company (NYSE:GM) from a buy rating to a neutral rating in a report released on Tuesday, TheFlyOnTheWall.com reports.

General Motors Company (NYSE:GM) traded up 0.30% during mid-day trading on Tuesday, hitting $36.30. 7,279,864 shares of the company’s stock traded hands. General Motors Company has a 1-year low of $28.82 and a 1-year high of $38.99. The stock has a 50-day moving average of $35. and a 200-day moving average of $35.. The company has a market cap of $58.34 billion and a P/E ratio of 16.89.

General Motors Company (NYSE:GM) last released its earnings data on Thursday, April 23rd. The auto manufacturer reported $0.86 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.97 by $0.11. The company had revenue of $35.70 billion for the quarter, compared to the consensus estimate of $37.61 billion. During the same quarter last year, the company posted $0.06 earnings per share. General Motors Company’s revenue was down 4.5% compared to the same quarter last year. Analysts expect that General Motors Company will post $4.46 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an overweight rating and set a $44.00 price target on shares of General Motors Company in a research note on Monday. Analysts at Vetr upgraded shares of General Motors Company from a sell rating to a hold rating and set a $32.60 price target on the stock in a research note on Friday, June 12th. Analysts at Citigroup Inc. set a $50.00 price target on shares of General Motors Company and gave the company a buy rating in a research note on Tuesday, June 9th. Finally, analysts at Morgan Stanley upgraded shares of General Motors Company from an underweight rating to an equal weight rating and set a $28.00 price target on the stock in a research note on Thursday, May 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. General Motors Company currently has an average rating of Buy and an average target price of $40.51.

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 designs, manufactures and markets vehicles under the brands of Buick, Cadillac, Chevrolet and GMC.

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