Stock Update (NYSE:GM): Gentex Receives Multiple Awards From General Motors

[Marketwired] – Gentex Corporation received an inaugural GM Innovation award during General Motors’ 24th annual Supplier of the Year awards ceremony held Thursday, March 10, at Cobo Center in Detroit. Gentex was also … Read more on this. General Motors Company (GM) , valued at $48.28B, started the session at $31.05. Looking at the equity, the company’s one day range is $30.98 to $31.33 and has traded between $24.62 and $38.99 over the past year. GM shares are currently priced at 5.62x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 13.21x earnings multiple for the same period. And for income investors, the company pays shareholders $1.52 per share annually in dividends, yielding 4.95%. In a review of the consensus earnings estimate this quarter, 16 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. The full-year EPS estimate is $5.48, which would be a $0.46 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, 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 $37.76, which is 21.61% above than it opened this morning. See more in (NYSE:GM) Similar Articles: Stock Update: General Motors Company (NYSE:GM) – General Motors reports higher February sales in Canada 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