Stock Update: General Motors Company (NYSE:GM) – General Motors reports higher February sales in Canada

[Reuters] – General Motors Co on Tuesday reported higher February auto sales in Canada, even as forecasters expect Canadian demand for light vehicles and trucks to level off this year following a record breaking 2015. … Read more on this. General Motors Company (GM) , valued at $46.30B, began trading this morning at $30.03. During today’s session, GM traded between $28.92 to $30.23 with a trailing 52-week range being $24.62 to $38.99. General Motors (GM) shares are currently priced at 5.37x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.78x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 5.13%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $1.02 per share, which would be $0.16 better than the year-ago quarter and a $0.08 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.48, which would be a $0.46 better when compared to the last year’s annual results. 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. More recently, Argus downgraded GM from Buy to Hold (Feb 29, 2016). Previously, Credit Suisse upgraded GM from Neutral to Outperform. Given all the information above, we should disclose to readers that the average price target is $37.88, which is 26.14% above than it opened this morning. See more in (NYSE:GM) Similar Articles: Company Update (NYSE:GM): Technical Analysis on Auto Manufacturers – Major Equities — Ford Motor, General Motors, Fiat Chrysler Automobiles, and Tesla Motors Stock Update: General Motors Company (NYSE:GM) – U.S. auto sales on pace for record year in 2015 after strong Dec Market Update: General Motors Company (NYSE:GM) – Automakers report higher November sales in Canada