|Bid||45.61 x 3100|
|Ask||45.64 x 1400|
|Day's Range||44.64 - 46.06|
|52 Week Range||14.33 - 46.71|
|Beta (5Y Monthly)||1.35|
|PE Ratio (TTM)||20.39|
|Earnings Date||Feb 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 05, 2020|
|1y Target Est||47.47|
Electric-car stocks sold off on news of a probe in China, while Nikola failed to assuage investors on a proposed GM partnership.
General Motors holds the edge over Ford in a comparison of their electric car strategies, Morgan Stanley said.
Stephen Weiss spoke on CNBC's "Fast Money Halftime Report" about Morgan Stanley's calls on Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM).Morgan Stanley downgraded Ford and kept its price target at $9 because its EV strategy is not clear. Weiss owns the stock and he is not concerned about that because he thinks Ford has an EV strategy and when it becomes clear, the stock is going to trade higher. He thinks the stock is cheap.Morgan Stanley also reiterated GM's Overweight rating and raised its price target to $53. Weiss also has a long position in GM and he believes the stock is going to trade higher.Fisker Inc (NYSE: FSR) was initiated with a Buy rating and a price target of $26 at Citi. Jon Najarian owns calls in the name.See more from Benzinga * Click here for options trades from Benzinga * Jeff Kilburg's Gold Futures Trade * Why Catherine Faddis Is Bullish On PNC Financial Services(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Nikola (NKLA) shares on Wednesday sank as much as 16%, as several EV startups slumped from their recent rally, and JPMorgan analyst Paul Coster weighed in on the uncertainty surrounding Nikola and General Motors (GM) partnership which has yet to close next month.
The Zacks Analyst Blog Highlights: General Motors, Delta Apparel, Highpoint, Deere and Capital Bancorp
Ford Motor Co. stock was downgraded to the equivalent of hold at Morgan Stanley, with analyst Adam Jonas saying that even though the car maker has a "sense of urgency" about electric cars its strategy "is not fully clear to us." Ford is also still saddled with its Europe business and is "sub scale" in the Chinese market compared with other makers, the analyst said in a note Wednesday. Morgan Stanley kept its rating on General Motors Co. at the equivalent of buy, and upped its price target on the stock to $53 to $44, praising the auto maker's "all in" move into EVs. Overall investors are seeing EVs as an opportunity to legacy auto makers rather than a threat, Jonas said. Shares of Ford have lost nearly 2% this year, while shares of GM have gained around 25%. That compares with gains around 12% for the S&P 500 index.
Nikola shares drop after CEO Mark Russell fails to reassure investors that the company's $2 billion pact with General Motors will still go through.
Traditionally, the stock market tends to perform well from the Thanksgiving week till the end of the year. This calls for investing in growth stocks like General Motors (GM) & Malibu Boats (MBUU).
|Maintains||Morgan Stanley: to Overweight||11/25/2020|
|Maintains||Morgan Stanley: to Overweight||11/9/2020|
|Maintains||Credit Suisse: to Outperform||11/6/2020|
|Maintains||Barclays: to Overweight||10/22/2020|
|Maintains||Citigroup: to Buy||10/20/2020|
|Maintains||B of A Securities: to Buy||10/15/2020|
Sector(s): Consumer Cyclical
Industry: Auto Manufacturers
Full Time Employees: 164,000
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, and Wuling brand names. The company also sells trucks, crossovers, and cars to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers safety and security services for retail and fleet customers, including automatic crash response, emergency services, crisis assist, stolen vehicle assistance, roadside assistance, and turn-by-turn navigation, as well as connected services comprising mobile applications for owners to remotely control their vehicles and electric vehicle owners to locate charging stations, on-demand vehicle diagnostics, smart driver, marketplace in-vehicle commerce, connected navigation, SiriusXM with 360L, and 4G LTE wireless connectivity. Further, the company provides automotive financing services; and operates an online new vehicle store. General Motors Company was founded in 1908 and is headquartered in Detroit, Michigan.