Morgan Stanley Upgrades General Motors Company to Overweight with Price Target $37.00

Brokerage firm Morgan Stanley Upgrades its rating on General Motors Company(NYSE:GM). In a research note issued to the investors, the brokerage major Raises the price-target to $37.00 per share. The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Morgan Stanley was issued on Sep 19, 2016.

In a different note, Jefferies said it Initiates Coverage on General Motors Company, according to a research note issued on Aug 9, 2016. The shares have been rated ‘Hold’ by the firm. Seaport Global said it Initiates Coverage on General Motors Company, according to a research note issued on Aug 9, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 21, 2016, Citigroup said it Maintains its rating on General Motors Company. The shares have been rated ‘Buy’ by the firm.

General Motors Company (GM) made into the market gainers list on Thursdays trading session with the shares advancing 0.87% or 0.28 points. Due to strong positive momentum, the stock ended at $32.39, which is also near the day’s high of $32.47. The stock began the session at $32.27 and the volume stood at 1,20,33,957 shares. The 52-week high of the shares is $36.88 and the 52 week low is $26.69. The company has a current market capitalization of $50,591 M and it has 1,56,19,21,800 shares in outstanding.

General Motors Company(GM) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $42.40B. Analysts had an estimated revenue of $38.59B. Earnings per share were $1.86. Analysts had estimated an EPS of $1.49.

Several Insider Transactions has been reported to the SEC. On Aug 25, 2016, Thomas S Timko (Vice President & Controller) sold 6,250 shares at $31.94 per share price.Also, On Aug 4, 2016, Jane L Mendillo (director) purchased 1,600 shares at $31.01 per share price.On Jun 1, 2016, James B. Deluca (Executive Vice President) sold 10,374 shares at $31.48 per share price, according to the Form-4 filing with the securities and exchange commission.

General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company Inc. (GM Financial). The Company’s four automotive segments include GM North America (GMNA) GM Europe (GME) GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers including daily rental car companies commercial fleet customers leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline E85 ethanol or any combination of the two.

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