General Motors Co (NYSE: GM) has reported earnings for its third fiscal quarter (ending September 30) of $2.71 versus $2.21 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $9.44 versus $7.14 for the same period a year ago.
Recent Price Action
General Motors Co (NYSE: GM) stock closed at $53.73 on 10/22/24 after a very large increase of 9.8%. Moreover, trading volume in this advance was exceptionally high at 334% of normal. The stock has risen 10.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, GM is expected to continue to be a major Value Builder.
General Motors has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. General Motors has a slightly positive Power Rating of 63 and a very high Appreciation Score of 95, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment