GM's earnings beat, forecast lift shares; supply glut shrinks

Ann Santiago
October 25, 2017

The stock rose 2.37% or $1.07 reaching $46.22 per share. For the year ending Dec-17, 9 analysts have a mean sales target of 145,815.00 million whilst for the year ending Dec-18, 8 analysts have a mean target of 141,269.00 million. Oz Mgmt Limited Partnership holds 0.02% of its portfolio in Ford Motor Company (NYSE:F) for 270,900 shares. It has underperformed by 8.78% the S&P500. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. The stock has "Overweight" rating by Piper Jaffray on Friday, March 24. The rating was maintained by UBS with "Buy" on Wednesday, October 11. The high was posted this morning, and the 12-month price target for the shares was $43.26 before this morning's report. Pivotal Research has "Buy" rating and $134 target.

General Motors Company reports that a total of 2.32 million vehicles were sold during its third quarter of the year. Therefore 33% are positive. The firm has "Buy" rating by Nomura given on Thursday, April 28.

In pre-market trading, GM's stock was up just under 4 percent over the earnings results. As per Tuesday, July 11, the company rating was maintained by RBC Capital Markets. The stock of General Motors Company (NYSE:GM) has "Hold" rating given on Tuesday, June 13 by Wolfe Research. The stock of General Motors Company (NYSE:GM) has "Outperform" rating given on Monday, January 11 by Credit Suisse. 15,600 are held by Duff Phelps Inv. Illinois-based Whitnell & has invested 0% in General Motors Company (NYSE:GM). The rating was downgraded by Bank of America on Wednesday, October 26 to "Neutral". More interesting news about General Motors Company (NYSE:GM) were released by: Nasdaq.com and their article: "General Motors (GM) Q3 Earnings & Revenues Beat Estimates" published on October 24, 2017 as well as Forbes.com's news article titled: "What To Expect From General Motors' Q3" with publication date: October 20, 2017.


Investors sentiment decreased to 0.83 in 2017 Q2. It turned negative, as 90 investors sold Ford Motor Company shares while 355 reduced holdings. 71 funds opened positions while 297 raised stakes. Neuberger Berman Group Inc Limited invested in 556,188 shares or 0.02% of the stock.

Alpha Cubed Investments LLC grew its holdings in Ford Motor Company (NYSE:F) by 70.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. Corporate insiders own 0.04% of the company's stock. 166 are owned by Peoples Ser Corp. But with that backed out and before taxes, the company made $1.32 per share, trouncing Wall Street estimates. Paradigm Financial Advsrs Ltd Com owns 7,462 shares for 0.13% of their portfolio. Planning Advsr Ltd Liability has 0.06% invested in Ford Motor Company (NYSE:F). Finally, Diamond Hill Capital Management Inc. raised its position in shares of Ford Motor by 3.4% in the 3rd quarter. The company saw a rise in short interest of 1.17% as of the latest report on September 29, 2017. Inv Centers Of America accumulated 19,563 shares. General Motors Company has a 1-year low of $30.21 and a 1-year high of $46.76. Macquarie Gp Ltd stated it has 1.55M shares. General Motors Company's dividend payout ratio (DPR) is presently 17.41%. The legal version of this report can be viewed at https://stocknewstimes.com/2017/10/24/alpha-cubed-investments-llc-acquires-32741-shares-of-ford-motor-company-f.html.

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