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General Motors' 1Q17: Behind the Analysts' Estimations

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Part 3
General Motors' 1Q17: Behind the Analysts' Estimations PART 3 OF 8

GM Stock before the 1Q17 Results: Why Most Analysts Seem Positive

General Motors’ 1Q17

Apart from General Motors’ (GM) earnings estimates, investors should also pay attention to Wall Street analysts’ recommendations, as these can affect a company’s stock price movement. According to the latest data compiled by Reuters, about 36% of the analysts covering General Motors have issued “buy” recommendations, while 59% of analysts have issued “hold” recommendations. Only one analyst among the 22 analysts covering GM’s stock has recommended a “sell.”

GM Stock before the 1Q17 Results: Why Most Analysts Seem Positive

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As of April 19, 2017, GM’s consensus 12-month target price is $40.05, with an upside potential of ~19% from its market price of $33.79. The company’s continued strong US retail sales could be the key reason why analysts are maintaining a high price target on the stock. Meanwhile, the US demand for trucks and utility vehicles is still strong, and such heavy vehicles typically have higher margins than small cars.

Remember, if popular Wall Street analysts change their views, a significant short-term movement in the stock price could occur.

Recommendations for peers

The analysts’ estimates and 12-month return potentials for GM’s peers (FXD) are as follows:

  • Ford Motor (F): 33% “buy” recommendations, with about 18% upside potential
  • Fiat Chrysler Automobiles (FCAU): 36% “buy” recommendations, with an upside potential of about 42%
  • Tesla (TSLA): 36% “buy” recommendations, with a market price that’s already much higher than its target price of $263.29.

Continue to the next part to find out what analysts’ are estimating for GM’s 1Q17 revenues.

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