The shares of General Motors Company (NYSE:GM) has been pegged with a rating of Neutral by Goldman in its latest research note that was published on September 11th, 2018. The research company has also assigned a $36 price target. Goldman wasn’t the only research firm that published a report of General Motors Company, with other equities research analysts also giving their opinion on the stock. Morgan Stanley advised investors in its research note published on August 17th, 2018, to Overweight the GM stock while also putting a $46 price target. The stock had earned Outperform rating from Evercore ISI when it published its report on May 31st, 2018. The stock was given Overweight rating by Piper Jaffray in its report released on May 15th, 2018, the day when the price target on the stock was placed at $57. Morgan Stanley was of a view that GM is Overweight in its latest report on April 9th, 2018. Citigroup thinks that GM is worth Buy rating. This was contained in the firm’s report on February 12th, 2018 in which the stock’s price target was also moved to $70.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $45.20. The price of the stock the last time has raised by 16.82% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 47.83.
The shares of the company dipped by -2.25% during the trading session on Thursday, reaching a low of $34.91 while ending the day at $35.70. During the trading session, a total of 14.47 million shares were traded which represents a -1.07% decline from the average session volume which is 14.32M shares. GM had ended its last session trading at 36.52. General Motors Company currently has a market cap of $48.81B, while its P/E ratio stands at 6.06, while its P/E earnings growth sits at 0.33, with a beta of 1.27. General Motors Company debt-to-equity ratio currently stands at 2.69, while its quick ratio hovers at 0.80. GM 52-week low price stands at $30.56 while its 52-week high price is $45.52.
The company in its last quarterly report recorded $1.87 earnings per share which is above the $1.25 predicted by most analysts. The General Motors Company generated $35,791.00 million in revenue during the last quarter, which is slightly higher than the $34,848.30 million predicted by analysts. In the second quarter last year, the firm recorded $1.81 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 3.21%. General Motors Company has the potential to record 5.89 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Telsey Advisory Group published a research note on November 16th, 2018 where it informed investors and clients that J. C. Penney Company, Inc. (NYSE:JCP) is now rated as Market Perform. Their price target on the stock stands at $1.25. Morgan Stanley also rated JCP as Reiterated on August 17th, 2018, with its price target of $46 suggesting that JCP could surge by 0.71% from its current share price. Even though the stock has been trading at $1.36/share, analysts expect it to surge higher by 2.21% to reach $1.40/share. It started the day trading at $1.4 and traded between $1.31 and $1.39 throughout the trading session.
A look at its technical shows that JCP’s 50-day SMA is 1.50 while its 200-day SMA stands at 2.36. The company’s average trading volume currently stands at 13.61M shares, which means that the short-interest ratio is just 10.45 days. Over the past seven days, the company moved, with its shift of -6.08%. Looking further, the stock has dropped -18.71% over the past 90 days while it lost -49.64% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more JCP shares, increasing its portfolio by +1.68% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 653,032 shares in the last quarter, thus it now holds 39,500,219 shares of JCP, with a total valuation of $58,065,322. The Vanguard Group Inc meanwhile sold more JCP shares in the recently filed quarter, changing its stake to $39,542,659 worth of shares. Contrarius Investment Management followed the path by decreasing its JCP portfolio by -0.47% in the quarter. This means that Contrarius Investment Management sold -69,165 shares in the last quarter and now controls 14,557,297 shares of the JCP stock, with the valuation hitting $21,399,227.
Similarly, SSgA Funds Management Inc increased its J. C. Penney Company, Inc. shares by +34.66% during the recently filed quarter. After buying 3,381,726 shares in the last quarter, the firm now controls 13,138,860 shares of J. C. Penney Company, Inc. which are valued at $19,314,124. In the same vein, Dimensional Fund Advisors LP decreased its J. C. Penney Company, Inc. shares by during the most recent reported quarter. The firm sold -43,763 shares during the quarter which decreased its stakes to 7,139,483 shares and is now valued at $10,495,040. Following these latest developments, around 3.40% of J. C. Penney Company, Inc. stocks are owned by institutional investors and hedge funds.