Analysts Have Mixed Ratings On General Motors Company (GM), Amneal Pharmaceuticals, Inc. (AMRX)

    The shares of General Motors Company (NYSE:GM) has been pegged with a rating of Outperform by Credit Suisse in its latest research note that was published on June 27th, 2019. Credit Suisse 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. Seaport Global Securities advised investors in its research note published on February 13th, 2019, to Buy the GM stock. The stock had earned Neutral rating from Goldman when it published its report on September 11th, 2018. That day the Goldman set price target on the stock to $36. The stock was given Overweight rating by Morgan Stanley in its report released on August 17th, 2018, the day when the price target on the stock was placed at $46. Evercore ISI was of a view that GM is Outperform in its latest report on May 31st, 2018. Piper Jaffray thinks that GM is worth Overweight rating. This was contained in the firm’s report on May 15th, 2018 in which the stock’s price target was also moved to $57.

    Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $47.84. The price of the stock the last time has raised by 22.25% 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 39.06.

    The shares of the company added by 0.97% during the trading session on Monday, reaching a low of $37.19 while ending the day at $37.36. During the trading session, a total of 3.9 million shares were traded which represents a 53.55% incline from the average session volume which is 8.39M shares. GM had ended its last session trading at 37.00. General Motors Company currently has a market cap of $52.58B, while its P/E ratio stands at 6.08, while its P/E earnings growth sits at 0.36, with a beta of 1.43. General Motors Company debt-to-equity ratio currently stands at 2.49, while its quick ratio hovers at 0.80. GM 52-week low price stands at $30.56 while its 52-week high price is $41.90.

    The company in its last quarterly report recorded $1.41 earnings per share which is above the $1.11 predicted by most analysts. The General Motors Company generated $34,878.00 million in revenue during the last quarter, which is slightly lower than the $35,280.30 million predicted by analysts. In the second quarter last year, the firm recorded $1.43 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -1.42%. General Motors Company has the potential to record 6.14 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at SVB Leerink published a research note on July 22nd, 2019 where it informed investors and clients that Amneal Pharmaceuticals, Inc. (NYSE:AMRX) is now rated as Outperform. Their price target on the stock stands at $5. Seaport Global Securities also rated AMRX as Initiated on February 13th, 2019, with its price target of $121 suggesting that AMRX could surge by 45.32% from its current share price. Even though the stock has been trading at $2.42/share, analysts expect it to surge higher by 18.18% to reach $5.23/share. It started the day trading at $2.89 and traded between $2.50 and $2.86 throughout the trading session.

    A look at its technical shows that AMRX’s 50-day SMA is 4.84 while its 200-day SMA stands at 11.50. At the moment, only of Amneal Pharmaceuticals, Inc. shares were sold short. The company’s average trading volume currently stands at 1.93M shares, which means that the short-interest ratio is just 2.99 days. Over the past seven days, the company moved, with its shift of 0.70%. Looking further, the stock has dropped -65.38% over the past 90 days while it lost -79.59% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. T Rowe Price Associates Inc sold more AMRX shares, decreasing its portfolio by -6.02% during the last quarter. This move now sees T Rowe Price Associates Inc selling -1,195,293 shares in the last quarter, thus it now holds 18,666,125 shares of AMRX, with a total valuation of $68,318,018. Wellington Management Co LLP meanwhile sold more AMRX shares in the recently filed quarter, changing its stake to $52,561,264 worth of shares. Fidelity Management Research Co followed the path by increasing its AMRX portfolio by +38.25% in the quarter. This means that Fidelity Management Research Co bought 2,761,743 shares in the last quarter and now controls 9,981,193 shares of the AMRX stock, with the valuation hitting $36,531,166.

    Similarly, BlackRock Fund Advisors increased its Amneal Pharmaceuticals, Inc. shares by +6.56% during the recently filed quarter. Following these latest developments, around 0.70% of Amneal Pharmaceuticals, Inc. stocks are owned by institutional investors and hedge funds.