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Published: Thu, October 13, 2016
Economy | By Melissa Porter

General Motors Company (NYSE:GM) Stock Declines, Analysts: Hold Rating

General Motors Company (NYSE:GM) Stock Declines, Analysts: Hold Rating

General Motors Company (NYSE:GM) shares moved to $31.89 after starting the day at $32.23 on Tuesday. According to a research note published on Jul 29, 2016, analysts at Goldman have lowered their rating on the company stock from Buy to Neutral. The company had revenue of $37000.00 million for the quarter, compared to analysts expectations of $36279.44 million. There was another key research note provided by Morgan Stanley on Monday September 19, 2016. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. Tigress Financial restated a buy rating on shares of Ford Motor in a research note on Tuesday, June 21st. The highest analyst price target is $17.00, which implies a gain of 58 percent.

According to sentiments of 14 analysts the mean estimates of short term price target for the company's stock is marked at $9.59. 7 have given the stock a Hold rating, 3 as Underperform and 0 as Sell. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Jefferies Group reiterated a "sell" rating on shares of Ford Motor in a research note on Sunday, September 4th.

General Motors Company closed down -0.26 points or -0.81% at $31.89 with 79,77,527 shares getting traded on Tuesday.

US based company, Ford Motor Co.'s (F)'s latest closing price was -4.94% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -2.48% and -1.31% compared with the 20 Day Moving Average. Ford Motor Co.'s (F) is a part of Consumer Goods sector and belongs to Auto Manufacturers - Major industry. That puts the market capitalization at $2.93 bln.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th.

These analysts also forecasted Growth Estimates for the Current Quarter for MO to be 6.7%.

Ford Motor Co.'s short ratio is now at 0 and the float short is at 0.00%. During the same quarter in the previous year, the company posted $1.29 EPS.

Historical Quarterly Earnings: Last quarter, General Motors Company generated almost $42.37B in sales and net income of $1.86/share.

Lechleiter purchased 5,000 shares of the business's stock in a transaction on Monday, August 8th. The shares were bought at an average price of $12.26 per share, with a total value of $61,300.00.

Many Analysts provided their foresight on Revenue Estimates of Ford Motor Co. where they believe that the company has the potential to earn average revenue of $32.7 Billion for the current quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer's stock valued at $3,072,821,000 after buying an additional 8,920,917 shares during the period. The disclosure for this purchase can be found here. On average, analysts predict that Ford Motor will post $1.82 EPS for the current year. In this Insider Trading activity, shares were sold with per share cost of $31.48. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) shares were trading -0.75% below from the 52-week high mark of $10.61 and +288.56% above from the 52-week bottom of $2.71. Adage Capital Partners GP L.L.C. boosted its stake in Ford Motor by 1.3% in the first quarter. Over the last 3 months and over the last 6 months, the shares of General Motors Company (GM), have changed 5.36% and 6.18%, respectively. Finally, Acrospire Investment Management LLC purchased a new position in Ford Motor during the first quarter worth approximately $104,000. Columbia Partners L L C Investment Management now owns 81,211 shares of the auto manufacturer's stock valued at $1,096,000 after buying an additional 11,166 shares during the last quarter. Finally, Hudock Capital Group LLC boosted its stake in shares of Ford Motor by 14.9% in the second quarter.

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