Market Update (NYSE:GM): GM Reports Third Consecutive Year of Record Global Sales

[PR Newswire] – General Motors Co. (GM) global sales totaled 9.8 million vehicles in 2015, up 0.2 percent for the company’s third consecutive year of record sales. “GM continued to grow in 2015 as our focus on the customer and successful new vehicle launches more than offset the challenging conditions in South America and the curtailment of our presence in certain markets such as Russia,” said GM President Dan Ammann. Read more on this. General Motors Company (GM) , currently valued at $46.00B, opened this morning at $29.35. Today’s price range has been between $29.07 and $30.14 per share and has traded between $24.62 and $38.99 over the past year. Priced at 6.10x this year’s forecasted earnings, GM shares are relatively inexpensive compared to the industry’s 17.18x forward p/e ratio. And for passive income investors, the company pays shareholders $1.44 per share annually in dividends, yielding 4.90%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $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 $4.82, which would be a $1.77 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $37.87 Billion. If realized, that would be a 4.42% decrease over the year-ago quarter. More recently, Credit Suisse upgraded GM from Neutral to Outperform (Jan 11, 2016). Previously, Credit Suisse upgraded GM from Underperform to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $41.25, which is 40.55% 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 Stock Update (NYSE:GM): UPDATE 6-U.S. auto industry headed for record sales in 2015 -GM Stock Update (NYSE:GM): U.S. auto industry headed for record sales in 2015 -GM