General Motors Company (NYSE:GM) soared 0.85% during previous trade, a total of 8.39M shares exchanged hands compared with its average trading volume of 13.70M shares whereas its relative volume is 0.57. The stock has a market capitalization of $52.01B along with 1.50B outstanding shares. Stock’s intraday price range hit the peak level of $34.47 and touched the lowest level of $33.90.
Most recently General Motors Company (NYSE:GM)’s price target was revised on 05/01/17 and according to 21 analysts stock’s price will reach at $40.05 during 52 weeks with standard deviation of 5.07. Stock’s minimum price target estimates has been figured out at $31 while the maximum price target forecast is established at $52, if we look at the price target with an optimistic approach it has upside potential of 53% from its latest closing price of $34.26.
Historically, if we look at price target revisions, two weeks ago General Motors Company (NYSE:GM)’s price target was revised on 4/24/17 by the analysts, however the bullish price estimates of the stock set at $48 while the bearish estimates kept at $33 over the next one year. Stock’s 52-week target was retained at $39.25, the estimates indicates a standard deviation of 4.90.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.33. ABR value is precisely based on brokerage recommendations, where out of 12 brokerage recommendations 4 rate General Motors Company (NYSE:GM) stock a Strong Buy, 0 rate the stocks of the company a Buy, 8 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 3/6/17 the stock of General Motors Company (NYSE:GM) upgraded by Instinet from Neutral to Buy. However previously on 10/26/16 it was downgraded by BofA/Merrill from Buy to Neutral. A research note issued on 9/19/16 the stock was upgraded by Morgan Stanley from Equal-Weight to Overweight.
General Motors Company (NYSE:GM) performance over the past one year soared 16.49% whereas its year to date (YTD) performance indicated a bearish trend of -0.66%. During the last six months the stock climbed 12.28%. Quarterly performance of the company shows declining momentum of -1.39% while its last one month trend is positive with 1.63%. Stock’s weekly performance expressed up trend of 3.19%.
The company’s price sits -2.32% below from its 50-day moving average of $34.19 and 2.09% far from the stock’s 200-day moving average which is $35.20. General Motors Company (NYSE:GM)’s shares are currently trading -10.22% away from the 52-week high price of $38.16 and +29.50% far from the 52-week low price of $26.46.
According to consensus agreement of 15 analysts General Motors Company (NYSE:GM) will report earnings per share of $1.7 in their quarterly report and it is expected to announce the company’s results on 7/20/17. For the current quarter the company has high EPS estimates of $1.85 in contradiction of low EPS estimates of $1.32. However a year ago for the same quarter the company has reported $1.86 EPS. Current year EPS projections for General Motors Company (NYSE:GM) set at $6.13 according to the sentiments of 16 analysts, while its lowest earnings estimates are $5.67 and highest earnings estimates are $6.4.
According to 9 analysts, General Motors Company (NYSE:GM)’s revenue estimates for the current quarter are $41.6B meanwhile the company has high revenue estimates of $45.74B in contradiction of low revenue estimates of $35.76B. For the current year the company’s revenue estimates are $161.74B compared to low analyst estimates of $149.44B and high estimates of $169.97B according to the projection of 8 analysts.