General Motors (GM) Gets a Buy from Goldman Sachs

Goldman Sachs analyst Mark Delaney maintained a Buy rating on General Motors yesterday and set a price target of $79.00.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Delaney covers the Consumer Cyclical sector, focusing on stocks such as General Motors, Tesla, and Ford Motor. According to TipRanks, Delaney has an average return of 21.9% and a 64.18% success rate on recommended stocks.

In a report released on February 19, Barclays also maintained a Buy rating on the stock with a $110.00 price target.

Based on General Motors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $45.29 billion and a GAAP net loss of $2.7 billion. In comparison, last year the company earned a revenue of $47.7 billion and had a GAAP net loss of $2.96 billion

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GM in relation to earlier this year. Last month, Mark Reuss, the President of GM sold 480,724.00 shares for a total of $38,709,454.92.