General Motors (NYSE:GM) Has Lost a Vote of Confidence Today From Goldman Sachs. What Does This Ultimately Mean

January 18, 2018 - By reb123z

 General Motors (NYSE:GM) Has Lost a Vote of Confidence Today From Goldman Sachs. What Does This Ultimately Mean

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.15, from 1.02 in 2017Q2. It turned negative, as 66 investors sold General Motors Company shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported.

Cordasco Fin Ntwk has 3,514 shares. Qci Asset Mgmt New York has 0% invested in General Motors Company (NYSE:GM). Mason Street Advsrs Lc invested 0.18% in General Motors Company (NYSE:GM). Advisory Serv Ntwk Lc has invested 0.1% in General Motors Company (NYSE:GM). Moreover, Lpl Ltd Liability Corporation has 0.06% invested in General Motors Company (NYSE:GM) for 415,508 shares. Gabelli Funds Ltd holds 210,000 shares. Linden Lp reported 0.07% in General Motors Company (NYSE:GM). Principal Fincl Gru reported 1.84M shares stake. Assetmark invested 0.42% in General Motors Company (NYSE:GM). First Republic Investment Mngmt Inc owns 0.05% invested in General Motors Company (NYSE:GM) for 159,867 shares. Federated Pa has invested 0.01% in General Motors Company (NYSE:GM). Anchor Bolt L P owns 1.88 million shares. Gsa Cap Ltd Liability Partnership has invested 0.06% in General Motors Company (NYSE:GM). Pitcairn reported 5,291 shares or 0.02% of all its holdings. Ww Asset Management reported 126,281 shares.

General Motors (NYSE:GM) Receives a Downgrade

New York-listed General Motors (NYSE:GM) shares have been lowered by professional analysts at Goldman Sachs. Goldman Sachs lowered its rating on the $62.30 billion market capitalized firm to a Sell.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.15, from 1.02 in 2017Q2. It turned negative, as 66 investors sold General Motors Company shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported.

Cordasco Fin Ntwk has 3,514 shares. Qci Asset Mgmt New York has 0% invested in General Motors Company (NYSE:GM). Mason Street Advsrs Lc invested 0.18% in General Motors Company (NYSE:GM). Advisory Serv Ntwk Lc has invested 0.1% in General Motors Company (NYSE:GM). Moreover, Lpl Ltd Liability Corporation has 0.06% invested in General Motors Company (NYSE:GM) for 415,508 shares. Gabelli Funds Ltd holds 210,000 shares. Linden Lp reported 0.07% in General Motors Company (NYSE:GM). Principal Fincl Gru reported 1.84M shares stake. Assetmark invested 0.42% in General Motors Company (NYSE:GM). First Republic Investment Mngmt Inc owns 0.05% invested in General Motors Company (NYSE:GM) for 159,867 shares. Federated Pa has invested 0.01% in General Motors Company (NYSE:GM). Anchor Bolt L P owns 1.88 million shares. Gsa Cap Ltd Liability Partnership has invested 0.06% in General Motors Company (NYSE:GM). Pitcairn reported 5,291 shares or 0.02% of all its holdings. Ww Asset Management reported 126,281 shares.

General Motors Company (NYSE:GM) Ratings Coverage

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 55% are positive. General Motors Company has $60.0 highest and $26 lowest target. $43.06’s average target is -1.82% below currents $43.86 stock price. General Motors Company had 83 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, October 30 by Jefferies. The rating was downgraded by Bank of America to “Neutral” on Wednesday, October 26. RBC Capital Markets maintained it with “Buy” rating and $52.0 target in Tuesday, January 16 report. Barclays Capital maintained the shares of GM in report on Monday, September 21 with “Hold” rating. The stock of General Motors Company (NYSE:GM) earned “Hold” rating by Jefferies on Monday, August 28. As per Wednesday, June 21, the company rating was initiated by CLSA. The firm earned “Overweight” rating on Tuesday, April 19 by JP Morgan. Guggenheim upgraded the stock to “Buy” rating in Monday, November 20 report. The firm has “Buy” rating given on Friday, July 24 by UBS. The rating was initiated by Seaport Global with “Buy” on Tuesday, August 9.

The stock decreased 0.39% or $0.17 during the last trading session, reaching $43.86. About 11.65 million shares traded. General Motors Company (NYSE:GM) has risen 7.92% since January 18, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on February, 6. They expect $1.29 earnings per share, up 0.78 % or $0.01 from last year’s $1.28 per share. GM’s profit will be $1.83B for 8.50 P/E if the $1.29 EPS becomes a reality. After $1.32 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -2.27 % negative EPS growth.

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company has market cap of $62.30 billion. The firm operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial divisions. It has a 21.41 P/E ratio. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel, Vauxhall, Baojun, Jiefang, and Wuling brand names.

More notable recent General Motors Company (NYSE:GM) news were published by: Reuters.com which released: “GM races to build a formula for profitable electric cars” on January 09, 2018, also Bloomberg.com with their article: “GM Eludes US Auto Slowdown as Truck and SUV Wave Pads Profit” published on January 16, 2018, Reuters.com published: “Exclusive: GM, DHL use a Chinese plant to lead manufacturing change” on January 17, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Fool.com and their article: “What to Expect From General Motors Company in 2018” published on January 12, 2018 as well as Seekingalpha.com‘s news article titled: “GM avoids stock payout in most recent legal win” with publication date: January 18, 2018.

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