J.P. Morgan Stick to Their Buy Rating for General Motors Company
Investing.com
Published Jan 25, 2021 07:00PM ET
J.P. Morgan analyst Ryan Brinkman reiterated a Buy rating on General Motors Company (NYSE:GM) on Friday, setting a price target of $63, which is approximately 13.72% above the present share price of $55.4.
Brinkman expects General Motors Company to post earnings per share (EPS) of $2.80 for the first quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in General Motors, with an average price target of $55.5.
The analysts price targets range from a high of $70 to a low of $43.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $35.48 billion and a net profit of $4.42 billion. The company's market cap is $79.29 billion.
According to TipRanks.com, J.P. Morgan analyst Ryan Brinkman is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.3% and a 62.79% success rate.
General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.
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