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Do Analysts Agree Tuesday on General Motors Co (GM) Stock's Target Price?

Tuesday, February 27, 2024 11:09 AM | InvestorsObserver Analysts

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Do Analysts Agree Tuesday on General Motors Co (GM) Stock's Target Price?

InvestorsObserver is giving General Motors Co (GM) an Analyst Rating Rank of 48, meaning GM is ranked higher by analysts than 48% of stocks. The average price target for GM is $49.665 and analyst’s rate the stock as a Strong Buy.

Overall Score - 4.2
Wall Street analysts are rating GM a Strong Buy today. Find out what this means to you and get the rest of the rankings on GM!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With General Motors Co Stock Today?

General Motors Co (GM) stock is higher by 0.63% while the S&P 500 has fallen -0.01% as of 10:53 AM on Tuesday, Feb 27. GM has gained $0.25 from the previous closing price of $39.79 on volume of 2,514,588 shares. Over the past year the S&P 500 is up 27.29% while GM has gained 1.86%. GM earned $7.32 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.48. Click Here to get the full Stock Report for General Motors Co stock.

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