General Motors Trades for Just 5 Times Earnings. Incredible Bargain or Value Trap?
Massive automaker General Motors (NYSE: GM) trades for a rock-bottom valuation of less than 5 times forward earnings estimates. Meanwhile, the company is extremely profitable, management is buying back stock hand over fist, and there's a ton of growth potential as the electric vehicle (EV) and autonomous vehicle strategy evolves. In this video, I sit down with Fool.com automotive expert John Rosevear to discuss why this seemingly strong company is trading so cheaply.
*Stock prices used were the morning prices of Aug. 23, 2024. The video was published on Aug. 30, 2024.
Source Fool.com
General Motors Corp Stock
Our community is currently high on General Motors Corp with 36 Buy predictions and 9 Sell predictions.
As a result the target price of 48 € shows a slightly positive potential of 18.07% compared to the current price of 40.66 € for General Motors Corp.