Has GM Stock Run Out of Upside?
Last Tuesday, General Motors (NYSE: GM) posted another strong quarterly profit. While GM's profit fell significantly on a year-over-year basis -- even excluding charges related to the sale of its European operations -- the company still posted adjusted earnings per share of $1.32, which was $0.20 ahead of the average analyst estimate.
GM stock rose on Tuesday, following the favorable earnings report. However, it gave back all of its gains and then some over the next three days, after a widely followed auto analyst cut his rating on the stock, saying it had risen too far. Yet GM stock remains quite cheap, and the company has meaningful opportunities to further improve its earnings in the years ahead. This suggests that the stock has plenty of potential to continue rising.
Last quarter, General Motors had to cut output 26% year over year in its core North American market. This cut included planned downtime related to future product launches, lower production of slow-selling passenger cars to facilitate an inventory correction, and (to some extent) the impact of a strike at the Canadian plant that builds the popular Chevy Equinox crossover.
Source: Fool.com
General Motors Corp Aktie
Leichtes Buy-Interesse bei General Motors Corp, mit mehr Buy- als Sell-Einschätzungen.
Für General Motors Corp sieht die Community ein Kursziel von 46 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 37.72 € bedeutet.
