Market Update: General Motors Company (NYSE:GM) – GM says recalling Saab, Saturn brand vehicles with Takata parts

[Reuters] – General Motors Co on Tuesday said it is recalling about 200,000 vehicles of its former brands Saab and Saturn as part of a wider recall of more than 5 million autos with potentially defective air bag inflators made by Takata Corp. There will be 180,000 of the vehicles recalled in the United States and another 20,000 in Canada, GM said. The models recalled are Saab 9-3 from model years 2003 to 2011 and Saab 9-5 from 2010 and 2011 model years, as well as Saturn Astras from 2008 and 2009 model years. Read more on this. General Motors Company (GM) , with a current value of $43.12B, opened at $28.00. Shares have traded today between $27.76 and $28.11 per share with a trailing 52-week range being $24.62 to $38.99. General Motors (GM) shares are currently priced at 5.07x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 10.07x earnings multiple for the same period. The company pays shareholders $1.52 per share in dividend income per year, for a current yield of 5.49%. Consensus earnings for the current quarter by the 13 sell-side analysts covering the stock is an estimate of $1.03 per share, which would be $0.17 better than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $5.47, which would be a $0.45 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $35.75 Billion. If reported, that would be a 0.11% increase 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. When considering if the stock is under or overvalued, the average price target is $39.00, which is 39.29% above where the stock opened this morning. See more in (NYSE:GM) Similar Articles: Market Update (NYSE:GM): General Motors to resume operations in Egypt Company Update (NYSE:GM): Technical Analysis on Auto Manufacturers – Major Equities — Ford Motor, General Motors, Fiat Chrysler Automobiles, and Tesla Motors Market Update (NYSE:GM): Why General Motors invested in Lyft