|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||40.70 - 41.44|
|52 Week Range||31.92 - 46.76|
|PE Ratio (TTM)||19.92|
|Forward Dividend & Yield||1.52 (3.61%)|
|1y Target Est||N/A|
According to Thomson Reuters’ consensus data, 42% of analysts covering General Motors (GM) stock recommend a “buy, while 50% recommend a “hold."
According to Reuters as of December 12, ~32% of the analysts covering Tesla (TSLA) recommend a “buy” for the stock, while 32% recommend a “hold."
While EV (electric vehicle) sales only make up a small percentage of total vehicle sales, EV adoption is expected to increase in the next decade.
In the week ended December 8, Ford (F) stock settled at $12.61, with about 0.2% gains from the previous week’s closing.
In November 2017, Toyota Motor (TM), the largest Japanese automaker, reported a 3% YoY (year-over-year) fall in its US sales to 191,617 vehicles.
In nine of the first 11 months of 2017, US auto sales showcased a year-over-year fall. But after gains in September, US vehicle sales inched up in November.
European Union auto sales rose 5.9% year over year in November and is up 4.1% for the first 11 months of the year.
General Motors Company (NYSE:GM) held its annual Investor Day recently, and all reports are that a joyful time was had by all. “With bearish sentiment rising and monthly auto sales falling, GM is in reverse.” On the other hand, the price to earnings ratio of the stock is still under 9, in a market where even ordinary companies draw twice that, and the 38 cents per share dividend now yields 3.66%. Inventory levels are also rising, from 78 days’ supply on dealer lots in September to 83 days in November. This is good for bargain hunters. Costco Wholesale Corporation (NASDAQ:COST) expects to move a ton of GM inventory this month.
Tesla is a great story, but sometimes stories end badly on Wall Street. Here are some red flags taking shape at this electric-auto maker.
General Motors Co said on Wednesday Joseph Ashton, a former United Auto Workers vice president who led the union's GM department, has resigned from the company's board. Ashton was nominated to his GM board seat by the UAW Retiree Medical Benefits trust, which administers funds that pay for health benefits for UAW-GM retirees. The trust can nominate a replacement for Ashton, but shareholders won't vote on the trust's nominee until the company's next annual meeting in the spring, a GM spokesman said.
In an annual promotion offering selected GM vehicles to Costco members at special pricing, the retailer reported that 55% more members have signed on this year.
During the week ended December 8, General Motors (GM) stock settled at $42.02 with an ~1.8% drop from the previous week’s closing price.