General Motors Company (GM) 2021 Stock Forecast: Bullish Outlook with 42.14% Upside

General Motors Company (NYSE: GM) is 0.05% higher on its value in year-to-date trading and has touched a low of $14.32 and a high of $46.71 in the current 52-week trading range. The GM stock was last observed hovering at around $40.51 in the last trading session, with the day’s gains setting it 1.15% off its average median price target of $50.00 for the next 12 months. It is also 42.14% off the consensus price target high of $72.00 offered by 17 analysts, but current levels are -4.15% lower than the price target low of $40.00 for the same period.

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Currently trading at $41.66, the stock is -1.14% and 1.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.83 million and changing 2.84% at the moment leaves the stock 38.32% off its SMA200. GM registered 16.24% gain for a year compared to 6-month gain of 65.78%. The firm has a 50-day simple moving average (SMA 50) of $42.86 and a 200-day simple moving average (SMA200) of $33.08.

The stock witnessed a -5.51% loss in the last 1 month and extending the period to 3 months gives it a 34.56%, and is 0.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.85% over the week and 2.51% over the month.

General Motors Company (GM) has around 164000 employees, a market worth around $59.91B and $115.79B in sales. Current P/E ratio is 18.68 and Fwd P/E is 7.09. Profit margin for the company is 2.80%. Distance from 52-week low is 190.82% and -10.81% from its 52-week high. The company has generated returns on investments over the last 12 months (3.20%).

General Motors Company (GM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for General Motors Company (GM) is a “Buy”. 17 analysts offering their recommendations for the stock have an average rating of 1.90, where 2 rate it as a Hold and 2 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

General Motors Company is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $1.86 with sales reaching $35.93B over the same period.The EPS is expected to shrink by -15.90% this year, but quarterly earnings will post -11.90% year-over-year. Quarterly sales are estimated to grow 16.60% in year-over-year returns.

General Motors Company (GM) Top Institutional Holders

1,248 institutions hold shares in General Motors Company (GM), with 103.2M shares held by insiders accounting for 7.21% while institutional investors hold 86.36% of the company’s shares. The shares outstanding are 1.43B, and float is at 1.33B with Short Float at 1.28%. Institutions hold 80.13% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 106.27 million shares valued at $3.14 billion. The investor’s holdings represent 7.42% of the GM Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 94.34 million shares valued at $2.79 billion to account for 6.59% of the shares outstanding. The other top investors are Capital World Investors which holds 91.16 million shares representing 6.37% and valued at over $2.7 billion, while Berkshire Hathaway, Inc holds 5.59% of the shares totaling 80.0 million with a market value of $2.37 billion.

General Motors Company (GM) Insider Activity

The most recent transaction is an insider sale by Carlisle Stephen K., the company’s Executive Vice President. SEC filings show that Carlisle Stephen K. sold 10,217 shares of the company’s common stock on Dec 23 at a price of $42.85 per share for a total of $0.44 million. Following the sale, the insider now owns 55409.0 shares.

General Motors Company disclosed in a document filed with the SEC on Dec 14 that Johnson Gerald (Executive Vice President) sold a total of 22,776 shares of the company’s common stock. The trade occurred on Dec 14 and was made at $42.40 per share for $0.97 million. Following the transaction, the insider now directly holds 41277.0 shares of the GM stock.

Still, SEC filings show that on Dec 10, Glidden Craig B. (Executive Vice President & GC) disposed off 454,187 shares at an average price of $43.14 for $19.59 million. The insider now directly holds 105,783 shares of General Motors Company (GM).

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General Motors Company (GM): Who are the competitors?

The company’s main competitors (and peers) include Toyota Motor Corporation (TM) that is trading 8.97% up over the past 12 months. Tesla Inc. (TSLA) is 714.00% up on the 1-year trading charts. Short interest in the company’s stock has fallen -51.86% from the last report on Nov 12, 2020 to stand at a total of 25.74 million short shares sold with a short interest ratio of 1.11.

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