Seaport Global Initiates Coverage on General Motors Company to Buy

Seaport Global Initiates Coverage on General Motors Company(NYSE:GM). The shares have been rated Buy. The rating by Seaport Global was issued on Aug 9, 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. On Jul 21, 2016, Citigroup said it Maintains its rating on General Motors Company. The shares have been rated ‘Buy’ by the firm. Piper Jaffray said it Initiates Coverage on General Motors Company, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Overweight’ by the firm. On May 16, 2016, Citigroup said it Maintains its rating on General Motors Company. In the research note, the firm Raises the price-target to $44.00 per share. The shares have been rated ‘Buy’ by the firm.

General Motors Company (GM) made into the market gainers list on Wednesdays trading session with the shares advancing 0.44% or 0.14 points. Due to strong positive momentum, the stock ended at $31.85, which is also near the day’s high of $31.88. The stock began the session at $31.71 and the volume stood at 83,92,391 shares. The 52-week high of the shares is $36.88 and the 52 week low is $24.62. The company has a current market capitalization of $49,747 M and it has 1,56,19,21,800 shares in outstanding.

General Motors Company has also declared a cash dividend of $0.3800 on Jul 20, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed on Sep 9, 2016. The dividend payable date has been fixed on Sep 23, 2016.

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 4, 2016, Jane L Mendillo (director) purchased 1,600 shares at $31.01 per share price.Also, On Jun 1, 2016, James B. Deluca (Executive Vice President) sold 10,374 shares at $31.48 per share price.On Feb 19, 2016, Karl-thomas Neumann (Executive Vice President) sold 1,379 shares at $27.23 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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