Company Update (NYSE:GM): Technical Analysis on Auto Manufacturers – Major Equities — Ford Motor, General Motors, Fiat Chrysler Automobiles, and Tesla Motors

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 20, 2016 / Park Lane Advisor has initiated coverage on the following equities: Ford Motor Company (NYSE: F), General Motors Company (NYSE: GM), Fiat Chrysler Automobiles … Read more on this. General Motors Company (GM) , with a current market cap of $44.60B, began trading this morning at $28.86. A quick look at the market, the company’s stock traded between $28.54 and $29.00 with a trailing 52-week range being $24.62 to $38.99. GM shares are currently priced at 6.11x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.18x earnings multiple. And for dividend hunters, the company pays shareholders $1.44 per share annually in dividends, yielding 4.75%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $1.20 per share, which would be $0.01 better than the year-ago quarter and a $0.04 sequential increase. The full-year EPS estimate is $4.81 which would be a $1.76 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $37.87 Billion. If reported, that would be a 4.42% decrease over the year-ago quarter. In terms of ratings, Credit Suisse upgraded GM from Neutral to Outperform (Jan 11, 2016). Previously, Credit Suisse upgraded GM from Underperform to Neutral. Investors should keep in mind is that the average price target is $41.59, which is 44.11% above where the stock opened this morning. See more in (NYSE:GM) Similar Articles: Stock Update: General Motors Company (NYSE:GM) – U.S. auto sales on pace for record year in 2015 after strong Dec Market Update: Ford Motor Company (NYSE:F) – GM, Ford, Fiat Chrysler labor costs rise in new pacts -study Company Update: General Motors Company (NYSE:GM) – GM to recall 31,685 SUVs in North America