Barclays Maintains Their Buy Rating on General Motors (GM)

By Jason Carr

In a report released yesterday, Brian Johnson from Barclays maintained a Buy rating on General Motors (GMResearch Report), with a price target of $49. The company’s shares closed on Friday at $37.18.

According to TipRanks.com, Johnson is a 3-star analyst with an average return of 2.1% and a 51.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Visteon Corp.

General Motors has an analyst consensus of Strong Buy, with a price target consensus of $44.67, implying a 20.1% upside from current levels. In a report issued on January 4, UBS also maintained a Buy rating on the stock with a $47 price target.

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Based on General Motors’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $35.79 billion and net profit of $2.53 billion. In comparison, last year the company earned revenue of $37.72 billion and had a GAAP net loss of $6.68 billion.

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General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks, and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, and GM Financial.