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Published: Thu, January 05, 2017
Economy | By Melissa Porter

General Motors Company (GM) Lowered to "Hold" at Vetr Inc


Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company.

While taking an overview of recommendation trends, the stock now has an average brokerage recommendation of 2.73.

For December, Ford sales totaled 239,854 vehicles representing a 0.3 percent growth. For the current quarter the company has high EPS estimates of $0.42 in contradiction of low EPS estimates of $0.32.

Many Wall Street Analysts have commented on Ford Motor Company.

On January 28, 2016, it announced earnings per share at $0.58 versus the consensus estimate of $0.49 per share (positive surprise of 18.37%). During the same period in the prior year, the firm posted $0.45 earnings per share. During the same quarter in the prior year, the company posted $1.50 EPS.

Auto companies have begun to pump the brakes on production for certain vehicles that aren't flying off the lot, with General Motors announcing plans to layoff 3,300 workers past year and Ford and Fiat Chrysler both temporarily halting production.

Discounts erode automakers' profits but GM said the average transaction price for its vehicles rose $740 from November to $36,386 in December, reflecting in part strong sales of large SUVs such as the Chevrolet Tahoe. The High Revenue estimate is predicted as 39.23 Billion, while the Low Revenue Estimate prediction stands at 32.73 Billion.

DRIVE MY CAR: Automakers are reporting their December sales on Wednesday. Ford Motor Company (NYSE:F)'s rating score is 2.73 based on 15 stock views. Instinet raised their price target on General Motors Company from $33.00 to $34.00 and gave the stock a neutral rating in a research report on Wednesday, December 21st. For the next 5 years, General Motors Company is expecting Growth of 8.4% per annum, whereas in the past 5 years the growth was 19.51% per annum.

The Company got Initiated by Macquarie on 1-Dec-16 to Neutral.

Ford Motor Company (NYSE:F) traded 40.42 Million shares and was closed at $12.59 per share. (NYSE:FCX) shares traded +4.47%.

Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, 3 analysts given HOLD rating to the stock. The analysts believe that the company stock price could grow as high as $17. Analysts mean target price for FelCor Lodging Trust Incorporated (NYSE:FCH) is $7.33 while their mean recommendation is 2.60 (1=Buy, 5=sell). The market capitalization of the company is at $48.6 Billion.

General Motors Company (NYSE:GM) topped its 52-week high price of $37.74 on Dec 12, 2016 and 52-Week Low Price of $26.69 on Feb 11, 2016. Year to Date performance value (YTD perf) value is 7.46%. The Hedge Fund company now holds 107,800 shares of F which is valued at $1,357,202.

"December marked Ford's best retail performance since 2004, with average transaction prices increasing $1,600 for the month - $1,000 more than the industry average", Mark LaNeve, Ford's vice president of sales and marketing said in a statement.

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