The Canadian arm of General Motors led auto sales in Canada for the month of March, and also posted the biggest surge in monthly sales.
Analysts said questions about the likelihood that President Donald Trump will win tax cuts and other key policies also depressed stock buying.
According to sentiments of 10 analysts the company is expected to report revenues of $39.42M for the current quarter. Analyst's mean target price for F is $13.28 while analysts mean recommendation is 2.80.
Now the P/E of General Motors Company stands at 5.7. Total sales were 689,521 units, up 1 percent, and market share was up an estimated 0.3 percentage points to an estimated 16.7 percent. Daiwa Securities downgraded General Motors Company (NYSE:GM) on Wednesday, January 11 to "Underperform" rating.
Among 21 analysts covering General Motors Company (NYSE:GM), 10 have Buy rating, 2 Sell and 9 Hold. Moreover, Archford Cap Strategies Llc has 0% invested in General Motors Company (NYSE:GM). The stock's 50 day moving average is $36.47 and its 200 day moving average is $34.81. General Motors Company P/E (price to earnings) ratio is 5.7 and Forward P/E ratio of 5.58. After $1.28 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts 16.41% EPS growth. The auto manufacturer reported $0.30 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.31 by $0.01. Robeco Institutional Asset Mngmt Bv holds 0.09% of its portfolio in Ford Motor Company (NYSE:F) for 928,578 shares. The firm's revenue was up 2.1% on a year-over-year basis. They expect $0.70 EPS, up 59.09% or $0.26 from last year's $0.44 per share.
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Honda shares were down 0.83 percent at $30.01. This represents a $1.52 annualized dividend and a dividend yield of 4.45%. The company expressed hopes of seeing moderate incentive spending environment going forward due to launches of new crossovers and adjustments to passenger auto inventories. The shares were sold at an average price of $35.38, for a total transaction of $48,789.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $37.11, for a total value of $90,362.85. The disclosure for this sale can be found here. Insiders own 0.04% of the company's stock. Institutional investors and hedge funds own 54.19% of the company's stock. Many experts in the industry expected that to change in March, but unfortunately auto companies across the United States are struggling to sell vehicles.
The shares got a boost last week after Chinese tech giant Tencent announced it was taking a 5% stake in the company. The Texas Yale Capital Corp holds 57,516 shares with $2.80 million value, down from 133,391 last quarter.
Shares of automakers and auto parts retailers took a hit on Monday amid the release of lackluster March sales data, as vehicle sales took a hit amid consumer preference for SUVs and trucks in a low gas prices environment.
J.C. Penney Company, Inc. GM Financial is an automotive finance company, which provides automobile finance solutions.